LIVE MARKETS — US stocks finish down with bank shares
Main US indexes end modestly lower Healthcare is the weakest S&P 500 sector; energy leads gainers Dollar falls; gold slips; bitcoin edges up; US crude rises >1% US 10-year Treasury yield edges down to ~5.22% Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at Us Stocks Finish Down With Bank Shares US stocks ended lower on Tuesday, although the S&P 500 was close to flat, as bank shares fell following quarterly results from top firms including Goldman Sachs, Citigroup, JPMorgan and Wells Fargo. The S&P 500 banks index ended 1.7% lower. Shares of Citigroup dropped 5.6% following its results, while Wells Fargo fell 3.1%. Wells Fargo reported net interest income that missed estimates. Goldman Sachs was down just 0.2% and JPMorgan eased 0.9%. An index of semiconductors was down 0.2%. On Monday, the Broadcom CEO likened some of the investment flow into the sector to "casino gambling." Broadcom shares ended up 0.7%, while shares of Applied Materials fell 6.7%. The bank results kick off the third-quarter S&P 500 earnings season. Analysts expect earnings from S&P 500 companies to have gained 30.6% year-over-year fo
22% Welcome to the home for real-time coverage of markets brought to you reporters. You can share your thoughts with us at Us Stocks Finish Down With Bank Shares US stocks ended lower on Tuesday, although the S&P 500 was close to flat, as bank shares fell following quarterly results from top firms including Goldman Sachs, Citigroup, JPMorgan and Wells Fargo. 7% lower. 1%.
Wells Fargo reported net interest income that missed estimates. 9%. 2%. 7%.
The bank results kick off the third-quarter S&P 500 earnings season. 3% and led declines among sectors on the day. 7% despite the company reporting earnings that topped estimates. 7%, led S&P 500 sector gainers.
Here is the closing market snapshot: (Caroline Valetkevitch) *** Earlier On Live Markets: Mixed Response To Early Us Earnings Reports Click Here For Markets, Bond Yields May Matter More Than Midterms Click Here Two-fer Tuesday: Home Sales Tick Up, Small Business Sentiment Sours Click Here Wall Street Stocks Edge Down Early As Banks Ease Following Results Click Here Tech's Lead Over Banks Faces Another Test Click Here An Old Market Panic, A Different Banking Sector Click Here These Names Could Surprise -- To The Upside Or Downside -- Jefferies Says Click Here Luxury's Long Game Click Here Ai Jitters, But The Stoxx Still Rises Click Here Europe Before The Bell: Steady-ish Click Here The Fragile Ai Trade Click Here Closing snapshot ( )