Microsoft Corporation (MSFT), UnitedHealth Group Inc. (UNH): It’s a Sea of Red on the Dow

Shares of JPMorgan Chase & Co. (NYSE:JPM) are down by 1.7% todat. Unlike the stocks I mentioned above, JPMorgan likely deserves this fall, as the bank has announced that it will forgive $842 million in debt it is owed by Jefferson Country, Ala. JPMorgan sold the county derivatives and swaps prior to the financial crisis so the municipality could finance a new sewer system. Since then, Jefferson County has filed for bankruptcy, and residents have seen their sewer bills increase. The bank could face up to a $1.5 billion loss related to this problem, but in the long run even that large amount shouldn’t knock the bank off track.

The article It’s a Sea of Red on the Dow originally appeared on Fool.com.

Fool contributor Matt Thalman owns shares of Microsoft and JPMorgan Chase. The Motley Fool recommends UnitedHealth Group (NYSE:UNH). The Motley Fool owns shares of JPMorgan Chase. and Microsoft. Check back Monday through Friday as Matt explains what caused the Dow’s winners and losers of the day, and every Saturday for a weekly recap. Follow Matt on Twitter: @mthalman5513.

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