JPMorgan stock price slips as oil spikes; traders eye Friday jobs report
JPMorgan shares fell 0.47% to $298.89 midday Monday after dropping as much as 2.35% earlier, under pressure from surging oil prices linked to Middle East conflict. Employees at JPMorgan and Citigroup in the region were told to work from home as tensions rose. The KBW Bank index gained 0.9%, while JPMorgan lagged. Investors are awaiting Friday’s U.S. jobs report and monitoring oil supply disruptions.