Wall Street took a tumble today as J.P. Morgan posted 23% drop in fourth quarter earnings as revenues shrank. Investor look at J.P. Morgan to set the tone for the rest of financials as it is the first major bank to post quarterly results. The Dow is down 153 points, the Nasdaq is down 33 points and the S&P 500 is down 17 points at the time of writing this report. Traders on OpenBook are primarily short the Dow (DJ30) with average limits at 12,200 and stops at 12,500. Read more
