U.S. Stocks Drop on JPMorgan Earnings; Chipmakers Rise

Oct. 13, 2011 - Oct. 13 (Bloomberg) -- Bloomberg's Cali Carlin reports on the performance of the U.S. equity market today. U.S. stocks fell, paring gains from the best Standard & Poor's 500 Index rally over seven days since 2009, amid lower earnings from JPMorgan Chase & Co. and concern equities rose too much on optimism about Europe's debt crisis. Stocks trimmed losses as chipmakers in the S&P 500 added 1.9 percent and Yahoo! Inc. rose as much as 3.8 percent after people with knowledge of the matter said KKR & Co. and Blackstone Group LP are among firms considering bids for the company. Bloomberg's Pimm Fox also speaks. (Source: Bloomberg) (/Bloomberg) Correction: Clarification:

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