🔴 JPM is trading 3.1% down today as broader markets slide on delayed rate cut expectations

JPM is trading at $301.08 (-3.1%) today, mirroring a sharp drop in major indices as strong jobs data delays Fed rate cut expectations.

• The S&P 500 and Dow are down 1.17% and 1.15%, respectively, as investors react to a resilient labor market and weak tech earnings.
• While there is no company-specific news today, shares recently dipped over 4% following higher expense forecasts from bank executives.
• Market pressure is being driven by January jobs data, which has dampened hopes for an early Federal Reserve rate cut.