Afternoon Markets: Dow drops as AIG weighs

Despite positive economic news - US GDP grew by 5.9% in the final three months of last year, better than forecast - the index opened at 10,342.65, down 21.62 points, or 0.21%. AIG reported a bigger-than-expected $9bn quarterly loss in Q4, following two quarters of profits. The insurer lost $62.6bn last year. JP Morgan Chase headed up the winner's chart, trading at $41.67, up 1.03 points, or 2.53%. The bank was buoyed by executives' plans, outlined yesterday, to double net income from last year's $11.7bn. Coca Cola lost more than 1% following news it will acquire the North Amer...