Category:JPMorgan Chase (Photo credit: Wikipedia)
NEW YORK (Reuters) - Stock index futures fell on Friday and were on track to extend the week’s losses after JPMorgan Chase & Co revealed a trading loss of at least $2 billion from a failed hedging strategy that weighed on bank shares.
The news sent shares of the Dow component down 8.1 percent to $37.42 in premarket trading, and is the latest hurdle for a sector already besieged by the sovereign debt crisis in Europe and fears of slowing growth globally.\
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