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Trading at Noon: Banks, tech shares drag Wall Street lower

Friday, January 27, 2012 - 02:38

Jan. 26 - U.S. stocks pared gains on Thursday, with the S&P 500 and Nasdaq Composite negative in morning trading as bank and technology sector shares weighed.

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Checking it on trading at news US stocks pared gains for the S&P 500 and NASDAQ too low bank and technology shares tree. Wedding the F and 500 at this hour is the Telecom services sector it is down more than 1%. For every action there is -- reaction. This time it came from JPMorgan Chase chief executive Jamie Dimon. Who told CNBC president Obama's expanded investigations. And a home lending and sales of mortgage securities. Could stop settlement talks with the states over foreclosure practices. JPMorgan is the largest US bank and one of the larger servicers of markets -- It is harder and harder to become a rich banker first Bank of America paid bonuses and stock. That Credit Suisse gave away. That in gratitude for hard work. Now Morgan he gains brokers are getting less generous. Packages that day -- war. The new company owner Raymond James added I'm -- in less than 300000 in annual revenue won't get any upfront cash. Advisors generating between 30400000. And receive an upfront bonus -- it percent of our annual production. And between 40500000. Will receive. 40% of their annual revenue advisors who stated above those numbers will get 50%. Ben Bernanke might not win any popularity contest that seniors citizens manners. That's decision two weeks and all low rates at least late 2014. -- is problematic for those living off the interest on their savings accounts. What is happening for New Jersey woman told Reuters she's being punished for being prudent he built for a former Atlanta fed president doesn't like it. He says low interest rates have a bad impact both -- fingers. About the economy. They're great -- 1% higher. On fifteen trillion of all our money. We'd be making a 150 built billion dollars more interest in common we spend 70% of it. Billionaire investor Warren Buffett is backing to tax reform that President Obama proposed in his State of the Union Address the president wants some minimum effective tax rate of 30% on those earning a million dollars or more but secretary with a -- -- state of the union after she became a symbol for unfairness in the tax code. Her tax rate is double what -- the case but way.

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Trading at Noon: Banks, tech shares drag Wall Street lower

Friday, January 27, 2012 - 02:38