NEW YORK (AP) — The stock market is heading lower in early trading after a four-day rise as bank shares weaken.

Wells Fargo and JPMorgan fell after reporting revenue that was lower than analysts were expecting. JPMorgan and Bank of America led the Dow Jones industrial average lower shortly after the opening bell Friday.

The Dow was down 18 points at 14,848, a loss of 0.1 percent. It had gained 300 points over the previous four days.

The Standard & Poor's 500 was down four points, or 0.3 percent, to 1,588. The Nasdaq composite was down six points, or 0.2 percent, at 3,293.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.