BREAKING NEWS: Stocks Retreat on JPMorgan Results, European Downgrade Fears

The Dow is down better than 100 points early Friday on soft 4Q results from JPMorgan and expectations of an S&P downgrade of some euro-zone countries as soon as today. Financial stocks are getting hit hard while yields on Treasuries decline. Bank of America is down nearly 5% while JPMorgan, Citi, Morgan Stanley and Goldman all declined by more than 3%.

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