MARKET PULSE-JP Morgan, Wells Fargo, Infosys, Rally Software

Fri Apr 12, 2013 12:53pm EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/faq23t)

April 12 (Reuters) - Some U.S. stocks on the move on Friday:

WALL ST DOWN AFTER DATA, BANKS' RESULTS; S&P UP ABOUT 2 PCT FOR WEEK

U.S. stocks fell, pulling back from record levels set a day earlier, after retail sales unexpectedly dropped last month and results from major banks failed to impress investors.

The Dow Jones industrial average was down 55.60 points, or 0.37 percent, at 14,809.54, the Standard & Poor's 500 Index was down 11.58 points, or 0.73 percent, at 1,581.79 and the Nasdaq Composite Index was down 25.95 points, or 0.79 percent, at 3,274.20.

** JPMORGAN CHASE & CO, $49.19, down 0.3 pct (1152 ET)

JPMorgan Chase posted a higher first-quarter profit on Friday as it spent less money on litigation, but most of its major businesses turned in tepid performances, and the bank's overall revenue declined.   Continued...