US stocks attempt recovery following Wednesday’s sell-off

FXStreet (Mumbai) – The stock markets in the US have erased early gains to trade in the positive territory, although the bearish hangover from of the Wednesday’s sell-off continues to cap risk appetite.

At the time of writing, the Dow Jones industrial average (DJIA) was up 0.35%. The S&P 500 was up 0.30% and the Nasdaq was up 0.16%.

Before the opening bell, Wall Street received good news in the form of a better-than-expected earnings report from JPMorgan Chase (JPM). JP Morgan shares were up 1.5% as of writing.

Among the DJIA stocks, Exxon Mobil and Chevron were up 2.8% and 2.3% respectively. On the other hand, names like Home Depot, Boeing, Nike, Apple appeared in the list of major losers.

The stock markets in the US have erased early gains to trade in the positive territory, although the bearish hangover from of the Wednesday’s sell-off continues to cap risk appetite.

(Market News Provided by FXstreet)