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Stocks set for a mixed open as JPMorgan beats, CIT talks fail, foreclosures soar

Posted 7:50AM 07/16/09 Company News, Economy, Investing, Earnings
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U.S. stocks were poised for a mixed open Thursday morning as investors looked to take profit after Wednesday's strong showing on Wall Street and tried to sieve through mixed signals: J.P. Morgan Chase (JPM) topped analyst estimates, but concerns over CIT Group (CIT)'s fate grew as talks failed.

Adding to negative sentiment was foreclosure data for June, indicating filings rose more than 33 percent in the month as the number of homes affected in the first half of the year was more than 1.5 million homes.

More here: Before the bell: Futures lower after JPMorgan beat, CIT's failed talks

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