Wells Fargo Disappoints, Brings Down Stocks
Stocks declined Friday following Wells Fargo's (NYSE:WFC) fourth-quarter earnings report. The company’s earnings of $0.91 per share came in above consensus but net interest margin decreased leaving investors disappointed. As of 2:01 p.m. EST Wells Fargo was trading down 1.4% at $34.92.   At midday the S&P 500 (INDEXSP:.INX) was down 0.2% at 1469.71 while the Dow Jones Industrial Average (INDEXDJX:.DJI) was fractionally positive at 13 476.41. The tech-heavy Nasdaq (INDEXNASDAQ:.IXIC) was slightly lower at 3118.90 as index leader Apple (NASDAQ:AAPL) fell.   The US trade deficit grew in November 15.8% to $48.73 billion coming in higher than the ...
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