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Surprising JPMorgan loss hits stock market late
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May 10, 2012
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<p><a href="http://news.yahoo.com/stock-index-futures-signal-losses-cisco-eyed-101241048--finance.html"><img src="http://l3.yimg.com/bt/api/res/1.2/rcGjRuR.3PRy_w3slSKEUw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-05-10T191141Z_1_CBRE8491HBK00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor of the New York Stock Exchange" align="left" title="Traders work on the floor of the New York Stock Exchange" border="0" /></a>NEW YORK (Reuters) - Stock index futures fell sharply on Thursday evening as JPMorgan Chase & Co stunned investors with news that its chief investment office had incurred "significant mark-to-market losses" that it said could "easily get worse." JPMorgan's stock fell nearly 7 percent to $38.05 in after-hours trading and dragged down shares across the entire banking sector. Its executives called an extraordinary conference call with analysts at 5 p.m. EDT where Chief Executive Jamie Dimon said "egregious" mistakes had been made. ...</p><br clear="all"/>
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