The Motley Fool Previous Page


An Exhausted Dow Sinks as Taper Talk Begins Anew

http://www.fool.com/investing/general/2013/09/20/an-exhausted-dow-sinks-as-taper-talk-begins-anew.aspx

Amanda Alix
September 20, 2013

Just as markets breathed a sigh of relief over the Fed's reluctance to wind down its bond-buying program, taper talk has started up again. St. Louis Fed President James Bullard appeared earlier today on Bloomberg Television, calling the Fed's decision not to taper "borderline," and saying that data supporting a taper in October could very well occur. By late morning, the Dow Jones Industrial Average (DJINDICES: ^DJI) and the S&P 500 were both in the red.

On the Dow, there are some surprise movers today, starting with some upside for a downtrodden JPMorgan Chase (NYSE: JPM).

Despite more news concerning the Securities and Exchange Commission's probing into the London Whale fiasco, JPMorgan is up more than 0.80% today. Even though the bank admitted to wrongdoing and paid a hefty fine, the bank is still being harangued by the SEC. The Wall Street Journal reports today th