The stock market is sending investors confusing signals Wednesday morning, with the Dow index of blue chip names rising nearly a full percentage point in 11:30 a.m. EDT trading, but the Nasdaq down 1.3%.
Perhaps the most curious data point in all of this, though, is the fact that shares of bankrupt Hertz Global Holdings (NYSE: HTZ) just jumped 118%, pulling up rival car renter Avis Budget Group (NASDAQ: CAR), up 5.8%, along with it. At the same time, similarly bankrupt Latam Airlines Group (NYSE: LTM) is down 14.9%.
If you ask me, JPMorgan Chase is at the center of all this uncertainty.