Shares of U.S. banks slumped on Friday after JPMorgan said it lost billions of dollars on bad trades, but the overall market ended only modestly lower, thanks to gains in technology shares.
The Dow Jones industrial average was down 34.44 points, or 0.27 percent, at 12,820.60. The Standard & Poor’s 500 Index was down 4.60 points, or 0.34 percent, at 1,353.39.The Nasdaq Composite Index was up 0.18 points, or 0.01 percent, at 2,933.82.
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