Categories
Audio Sources - Full Text Articles

US stocks close mixed as Dow dives nearly 400 points on weak Goldman Sachs earnings

Listen to this article
Wall Street stocks financial marketsWall Street has been hit by a brutal market sell-off this year.

Spencer Platt/Getty Images

  • US stocks closed mixed on Tuesday as investors digested the latest earnings data. 
  • Goldman Sachs missed fourth-quarter estimates, while Morgan Stanley exceeded expectations. 
  • The New York Fed’s Empire State Manufacturing Index declined nearly 22 points to -32.9, the lowest reading in nearly two years. 

US stocks closed lower on Tuesday, as investors digested the latest slate of earnings from Wall Street’s heavyweight investment banks. 

Goldman Sachs contributed most to the market’s sour sentiment, with the firm missing fourth-quarter expectations and weighing heavily on the Dow. Morgan Stanley reported better-than-expected earnings. Still, both firms noted the more challenging macroeconomic environment, and saw declines in dealmaking. 

Early Tuesday, the New York Fed’s Empire State Manufacturing Index declined nearly 22 points to -32.9, the lowest reading in nearly two years.  

Here’s where US indexes stood at the 4 p.m. closing bell on Tuesday: 

Here’s what else is happening today:

In commodities, bonds, and crypto:

Read the original article on Business Insider
Advertisements | Advertising at The News And Times - advertising-newsandtimes.com | WE CONNECT!
WP Radio
WP Radio
OFFLINE LIVE