NEW YORK, Oct 12 (Reuters) - U.S. stocks opened flat onFriday as investors digested results from a pair of major banksand data showed inflation pressure remained in check.
Shares of JPMorgan Chaseand Wells Fargo & Co
both fell after their results, even though JPMorganposted record profits. Wells Fargo dropped 4 percent to $33.77while JPMorgan was off 1.8 percent at $41.33.
The Dow Jones industrial average
was up 17.07 points,or 0.13 percent, at 13,343.46. The Standard & Poor's 500 Index
was down 0.30 points, or 0.02 percent, at 1,432.54. TheNasdaq Composite Index
was down 0.09 points, or 0.00percent, at 3,049.32.
(Reporting by Ryan Vlastelica; Editing by Theodore d'Afflisio)
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