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FBN’s Robert Gray on Fitch downgrading J.P. Morgan’s long-term credit rating with a negative outlook.
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I'm Robert Gray with your Fox Business -- And it's market day for stocks on Friday that all three major indices.
They've finished down for a second straight week the Dow Industrials closing its biggest weekly decline since December.
The fallout from JPMorgan's two billion dollar trading loss continues Fitch has downgraded -- banking giant's long term credit rating with a negative outlook.
Earlier Fox Business confirmed the Securities and Exchange Commission is conducting an informal investigation.
Senator Bob -- a member of the banking committee is also asking for a hearing on the events.
And a parent company of American Airlines has reportedly agreed to explore strategic alternatives including possible transactions with -- US Airways.
The Reuters reports pushed shares of US Airways higher in late day trading.
That is a -- from the Fox Business Network giving you the power to prosper.
