Home Business Goldman Sachs, J&J pull Wall Street lower

Goldman Sachs, J&J pull Wall Street lower

156
0
goldman-sachs-19-4-17

US stocks fell, yesterday, weighed down by a drop in Goldman Sachs and Johnson & Johnson, with geopolitical tensions adding to investor caution. Goldman Sachs plummeted 4.7 percent, after the bank’s earnings missed expectations. Johnson & Johnson slumped 3.1 percent for its worst day in 14 months after quarterly revenue fell short of analysts’ expectations.

Although Bank of America reported a better-than-expected profit, its shares fell slightly. So the Dow Jones Industrial Average shed 114 points, or 0.6 percent, to 20,523. The S&P 500 lost 7 points, or 0.3 percent, to 2,342. And the Nasdaq Composite dropped 7 points, or 0.1 percent, to 5,849. Despite the high-profile earnings misses, Q1 results have been promising overall. As per information received, of the 45 companies in the S&P 500 that have so far reported results, 76 percent have topped expectations.

Previous articleCabinet clears EC’s proposal for paper trail machines
Next articleHolidays for schools from tomorrow due to heatwave

LEAVE A REPLY

Please enter your comment!
Please enter your name here