US stocks rebound in early trade



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Dow Jones Industrial Average

Last Updated at 22 Sep 2017, 19:59 GMT *Chart shows local time Dow Jones intraday chart
value change %
22349.59 -
-9.64
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-0.04

Top winner and loser

Verizon Communications Inc.

49.90 +
+0.96
+
+1.96

Unitedhealth Group Inc.

193.03 -
-2.18
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-1.12
value change %

Nasdaq Index

6426.92 +
+4.23
+
+0.07

S&P 500 Cash Index - Chicago Mercantile Exchange

2502.22 +
+1.62
+
+0.06

(Close): Stocks on Wall Street erased earlier gains following a three-day slump.

The S&P 500 - which has just recorded its worst three-day fall since November 2011 - rose 2.96 points to 1,877.70.

The Dow Jones declined 5.88 points to 16,321.07 while the Nasdaq was 13.52 points higher at 4,227.17.

Losers included shares in major US banks after they reported third-quarter results.

JP Morgan Chase shares fell 0.29% despite it reporting a $5.6bn (£3.5bn) profit for the three months to 30 September.

Wells Fargo reported third-quarter profits of $5.73bn, but its shares dropped 2.7%.

However, Citigroup shares rose 3.15% after it posted a $3.44bn profit and said it would exit consumer banking in 11 markets.

Johnson & Johnson closed down 2.13% after the healthcare firm reported third-quarter earnings of $4.75bn, beating expectations.