Wall Street Today | Market Falls Tuesday, Following JPM Shares

Just past the 4 pm ET close, the     $S&P 500 Index (.SPX.US)$ climbed 0.45%, the         $Dow Jones Industrial Average (.DJI.US)$ fell 0.23%, and the     $Nasdaq Composite Index (.IXIC.US)$ climbed 0.84%.

Within industries tracked by moomoo, banks fell Tuesday after news that the Fed may require 9% capital reserves at the largest banks, higher than June's rumor of 5%, but below the 19% originally put forward. The news came in from the Federal Reserve Vice Chair for Supervision, Michael Barr, according to Bloomberg. Options on the equity flew after the news. JPM also fell after the firm's President Daniel Pinto said at a conference that estimates for the firm's Net Interest Income at $91.5B is no longer "reasonable."

$JPMorgan (JPM.US)$ fell 7% intraday, the lowest on the Dow Jones,   $Discover Financial Services (DFS.US)$ fell nearly 4%,   $Goldman Sachs (GS.US)$ fell 4.6%.

GameStop $GameStop (GME.US)$ reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $(0.01) by 500 percent.  The firm reported sales that were lower 31% year-over- in Q2

$Oracle (ORCL.US)$ shares climbed 11% to a record Tuesday after the infrastructure software provider reported earnings that beat analysts' estimates and announced a multi-cloud agreement with Amazon Web Services. The rally boosted the appeal of call options that give the holders the right to buy the stock at $160 by the end of this week.

Shares of Hewlett Packard Enterprise $Hewlett Packard Enterprise (HPE.US)$ dropped 7% Tuesday after the company said it had commenced a public offering of $1.35 billion of Series C mandatory company convertible preferred stock.

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