Stocks in the News: Banks, Dell, J.C. Penney

The following is a round-up of news likely to affect stock prices today:



After the Federal Reserved announced an increase in the discount rate that it charges banks for emergency loans, expect shares of most major banks to react. Shares of Bank of America (BAC), JPMorgan Chase (JPM), Citigroup (C), Wells Fargo (WFC) and Goldman Sachs (GS) were generally down over 1% ahead of the bell.