Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

U.S. Stocks Pare Losses as Retailers Gain, Financials Trim Drop

Dec. 7 (Bloomberg) -- U.S. stocks pared losses as retailers rallied and financial shares trimmed declines after JPMorgan Chase & Co. said it has funds to buy back at least $1 billion in shares.

JPMorgan rallied 1.5 percent to lead the Dow Jones Industrial Average higher as Chief Executive Officer Jamie Dimon said that the bank may or may not repurchase more shares.

The Standard & Poor’s 500 Index was down less than 0.1 percent at 1,257.35 at 12:27 p.m. in New York after slumping as much as 1.1 percent. The Dow climbed 28.42 points, or 0.2 percent, to 12,178.55.

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.