Dow and S&P 500 end the day down as banks disappoint
Financials were the biggest drag on the market after both Goldman Sachs Group Inc and Citigroup Inc reported that lower bond trading revenue took a bite out of their quarterly profits. Goldman’s earnings fell 21 percent. Citigroup’s profit missed expectations.
Goldman’s stock slid 2 percent to close at $175.17. It was the biggest drag on the Dow. Citigroup’s stock dropped 4.4 percent to end at $52.60 and was the biggest negative for the S&P 500. The S&P financial sector index fell 0.6 percent, making it the biggest loser among the 10 sectors in the S&P 500.
The Dow Jones industrial average fell 64.93 points or 0.39 percent, to end at 16,417.01. The S&P 500 slipped 2.49 points or 0.13 percent, to finish at 1,845.89. The Nasdaq Composite added 3.805 points.
- To what do you attribute New Hampshire's precipitous drop in rankings for business friendliness?
- Aging workforce
- Energy cost
- Govt. regulation
- High taxes and fees
- Total Votes: 2035
Bikers say under-30 generation isn't interested, and can't afford many of the top motorcycles
DIY addition draws city's, neighbors' ire
Bedford man creates insurance rating system
VA woes across the country led NH to reforms
The U.S. is a beacon still
NH Legal Perspectives: U.S. Supreme Court says homecare workers not required to pay fee to unions
Bicyclist injured when hit by car in Hudson
Red Sox' Holt has All-Star history