JPMorgan stock price slips after early jump as strong U.S. jobs data resets Fed cut bets
JPMorgan Chase shares fell 0.5% to $316.82 Wednesday after an early rally faded, following a stronger-than-expected U.S. jobs report. Payrolls rose by 130,000 in January, beating forecasts, and the unemployment rate dipped to 4.3%. Traders trimmed bets on a near-term Fed rate cut. Focus shifts to Friday’s U.S. CPI report.