Poor results from US banks spark concerns
S&P closes below 2,000 for first time in a month, falling for fifth consecutive day
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New York
BIG US banks have gotten earnings season off to a bumpy start with a spate of reports that missed expectations and highlighted growing unease about the economy.
In the last two days, JPMorgan Chase, Bank of America and Citigroup all reported disappointing earnings, floundering on weak trading revenues and, in some cases, large legal expenses.
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