The US markets were giving back some of their gains on Thursday afternoon, with the Nasdaq, Dow Jones and the S&P 500 all trading in the red today. The one bright spot has been in the commodities market with spot gold prices advancing more than 4.5% in the wake of the Fed's decision to leave its bond buying program unchanged for now.
In corporate news, JP Morgan (NYSE:JPM) announced that it has reached a settlement with US and British regulators over the $6 billion trading loss attributed to the "London Whale". The company will pay $920 million in fines and penalties to settle the matter in both the US and the UK. And ConAgra (NYSE:CAG) reported fiscal first quarter earnings of $144.3 million, or 34 cents per share, as revenue climbed to $4.2 billion. Excluding one-time items related to restructuring costs, earnings would have totaled 37 cents per share, falling short of Wall Street estimates by a penny.
On the earnings calendar this afternoon, investors will have reports from Cintas (NASDAQ:CTAS) and tomorrow morning before the opening bell, investors will see earnings from Darden Restaurants (NYSE:DRI).
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.