Stocks Struggle as the Worst Week in Months Comes to a Close with Wells Fargo (WFC) and Advanced Micro Devices (AMD) on the Move
Posted on October 12, 2012 at 16:33 PM EDT
Stocks drifted this afternoon, closing little changed as investors took in the latest earnings and economic numbers at the end of a lackluster week on Wall Street. All three major indexes logged their biggest weekly drop since the first week of June. Bank stocks were under pressure with heavyweights in the industry posted earnings which failed to impress. Wells Fargo (WFC) said sales fell short of expectations for the quarter despite profit coming in line with expectations. Meanwhile, JP Morgan (JPM) reported profits for the quarter but had issues with r...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
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