While you were sleeping: JPMorgan falls on wider losses

Thu, 28 Jun 2012

By Margreet Dietz June 29 (BusinessDesk) - Wall Street dropped as JPMorgan shares plunged and economic data indicated further weakness ahead on both sides of the pond. Claims for US unemployment insurance payments fell by 6,000 to 386,000 in the week ended June 23 from a revised 392,000 the prior period that matched the most this year, according to Labor Department figures. American gross domestic product rose at a 1.9 percent annual rate in the first quarter, the Commerce Department said. The pace of expansion, unchanged from a prior readin...

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