Saturday, July 14, 2012

Wall St cuts week’s losses with rally

Wall St cuts week’s losses with rally: NEW YORK, July 14 — US stocks rose 1 per cent on Friday as data in China allayed concerns about a further slowing of global growth and banks advanced after JPMorgan released earnings. Shares of JPMorgan Chase & Co, the largest US bank, leapt 6.1 per cent to $36.10 after it reported a quarterly profit of nearly $5 billion despite bad derivatives ...


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