Mid-Afternoon Market Update: Markets Fall on J.P. Morgan Re-balancing, Krispy Kreme Continues to Rise

Toward the end of trading Friday, the Dow traded down 0.88 percent to 15,188.23, while the NASDAQ fell 0.70 percent to 3,466.23. The S&P was also down, dropping 1.01 percent to 1,637.91. Top Headline Yesterday, Guess' (NYSE: GES ) reported an upbeat first-quarter profit. Its quarterly net income declined to $9.9 million,