US stocks attempt recovery following Wednesday’s sell-off

By FXStreet FXStreet (Mumbai) – The stock markets in the US have erased early gains to trade in the positive territory, although the bearish hangover from of the Wednesday’s sell-off continues to cap risk appetite.

At the time of writing, the Dow Jones industrial average (DJIA) was up 0.35%. The S&P 500 was up 0.30% and the Nasdaq was up 0.16%.

Before the opening bell, Wall Street received good news in the form of a better-than-expected earnings report from JPMorgan Chase (JPM). JP Morgan shares were up 1.5% as of writing.

Among the DJIA stocks, Exxon Mobil and Chevron were up 2.8% and 2.3% respectively. On the other hand, names like Home Depot, Boeing, Nike, Apple appeared in the list of major losers.
For more information, read our latest forex news. …read more

Source:: FX Street