U.S. markets fell slightly overnight as Wall Street digested earnings from some of the top financial companies. The Dow fell -32 points, or -0.1% , the S& P 500 slipped -0.2% and the NASDAQ also fell -0.2%.
In stock specific news, JP Morgan Chase reported third quarter earnings and revenue that beat expectations. The banking giant, however, also reported a 27% year-over-year decline in fixed income trading revenue. The shares fell nearly 1%, but are still up 11% this year. Citigroup also posted better than expected quarterly results, driven by growth in its global consumer business. But concerns about rising credit costs drove the stock lower by more than 3%.
