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S&P 500 Flat As Earnings Temper Growth Concern

Description:The S&P 500 ended nearly flat on Wednesday (January 16) as solid earnings from two major banks and a bounceback in Apple shares offset concerns about a lower forecast for global growth in 2013. Shares of Goldman Sachs hit their highest since May 2011 as earnings nearly tripled on increased revenue from dealmaking and lower compensation expenses. JPMorgan Chase said fourth-quarter net income jumped 53 percent and earnings for 2012 set a record. JPMorgan shares edged up 1 percent at $46.82 (USD) (1:14)

Source: IBTimesTV

Tags: ibtimestv , 500 , concern , earnings