NEW YORK (Dow Jones) – Despite a surprising rise in U.S. consumer confidence have gained the negative news surrounding the week ending JPMorgan prevails on Wall Street and taken care of taxes. The U.S. bank had a loss of about $ 2 billion to admit of a hedging portfolio. From Greece came bad news. Here are the talks to form a new government in the third attempt failed, making new elections in June are more likely.

Dow Jones index lost by interim profits at the end of 0.3 per cent to 12 821 points. In weekly view, the index recorded so that the largest loss since mid-December. The S & P 500 index fell by 0.3 percent to 1353 points. The Nasdaq Composite closed unchanged at 2934 points. Sales were 0.78 billion shares on the same level as the previous day. It survived the 1208 (1910) Course winners compared to 1,830 (1,115) losers, 99 (120) tracks closed unchanged.

J.P. Morgan has admitted a trading loss of at least two billion U.S. dollars. He was incurred in the synthetic credit sector, where the financial crisis had taken its beginning in 2008. Because of market fluctuations to the previously incurred losses still another billion could come to, said CEO James Dimon on a conference call. “Investors are naturally to considerations which bank might have similar problems,” said one trader. The loss shows that the restriction of proprietary trading in the U.S. is not functioning as planned.

been the focus of the development in Greece. The radical left Syriza party declined to participate in a government. The austerity measures, was persecuted by the former government of socialists and conservatives, had been rejected by the Greek voters, said party leader Alexis Tsipras. Greece controls so that fresh elections in June and an uncertain future. Should prevail in the election, the savings opponents, so should also be sealed the exit of Greece from the monetary union.

surprising increase in U.S. consumer confidence took care only for profits in the meantime. This is climbing on the results of the first survey to 77.8. Economists had expected, but fell to 76.0. Weak economic data from China, the market pushed into the background. The Chinese industry has risen in April, far fewer than expected by economists.

€ came after a recovery in the course of slightly under pressure, however, was able to maintain the level of 1.29 dollars. Dealers noted among other things, the recovery of the dollar with the unexpected rise in U.S. consumer confidence. But the political developments in Greece with the renewed failure of the formation of a government charged €. Oil prices fell back again to the settlement and noted 1 percent weaker at $ 96.13. “All the arguments for a rising oil price in recent days have lapsed,” said one participant. Also stressed the weak economic data from China.

The U.S. government bonds the week ending on the other hand, it skewed to the upside. Was supported mainly by the sentiment of the negative headlines JP Morgan. Played into the hands of the U.S. bond and inflation data based on producer prices, which fell in April, slightly more than expected. The core rate, however, prices rose – in line with expectations. Then there were the ongoing Greek concerns. The yield on ten-year-old title was at 1.84 percent.

main losers in the Dow Jones index JPMorgan were at a discount of 9.3 percent. The bad news was drawn, however, other bank stocks down with it. So lost Bank of America 1.9 percent, Citigroup fell 4.2 percent and Goldman Sachs posted a discount of 3.9 percent. Looking the other hand, the telecom values. Here lay AT & T by 1.4 percent, after the Credit Suisse both stocks still recommended for purchase. has

Nordstrom fell 4.8 percent. The home decorator has missed in the first quarter expectations. Nvidia the other hand, increased by 6.4 percent. The graphics card company had presented convincing results for the first quarter. With adjusted earnings per share of 0.16 dollars an analyst estimate of $ 0.10 was significantly exceeded. Shares of Arena Pharmaceuticals rallied by 73.8 percent after the FDA approval of an medication is recommended.

INDEX least + / -% absolute DJIA  12820.60 -0.27 -34.44 S & P 500  1353.39 -0.34 -4.60Nasdaq Comp. 2.933,82 0,01 0,18 Nasdaq-100  2615.98 -0.01 -0.26  COUPON MATURITY PRICE CHANGE YIELD CHANGE1/4% 2-year flat 99 31/32 flat 0262%1/4% 3-Year 99 21/32 up 1/32 0368 -0.5%  BP 7/8% 5-year 100 19/32 up 4/32 0.750% -2.4 BP  1 1/4% 7-Year 100 3/32 up 7/32 1236 -3.3%  BP 2% 10-year 99 5/32 up 12/32 1843 -4.1%  BP 3 1/8% 30-year 99 21/32 up 27/32 3017 -4.4%  BP   FOREX last '+ / -% Fri, 8.35 Clock Thu, 17.52 clockEUR / USD 1.2919 1.2918 1.2956 0.00%EUR / JPY 103.2243 103.1341 103.5866 0.09%EUR / CHF 1.2014 1.2008 1.2013 0.05%USD / JPY 79.9000 79.8420 79.9430 0.07%GBP / USD 1.6070 1.6112 1.6161 -0.26%  DJG / DJN / ros

(END) Dow Jones Newswires

May 11, 2012 16:20 ET (20:20 GMT)

© 2012

Dow Jones & Company, Inc.