NY Disappointing quarterly results from major US banks and economic data from China dampened sentiment among Wall Street investors on Tuesday. The Dow Jones index of standard stocks closed down 1.1 percent at 33,910 points. The technology-heavy Nasdaq, on the other hand, rose a modest 0.1 percent to 11,095 points. The broad S&P 500 lost 0.2 percent to 3,990 points.

“Goldman Sachs’ quarterly results were even worse than expected,” said Octavio Marenzi, an analyst at Opimas. “Morgan Stanley’s, on the other hand, were largely in line with forecasts.” According to economist Peter Cardillo of investment adviser Spartan Capital Securites, slowing economic growth in China and profit-taking after a rally earlier in the year also contributed to the depressed mood.

keep reading now

Get access to this and all other articles in the

Web and in our free app for 4 weeks.

Continue

keep reading now

Get access to this and all other articles in the

Web and in our free app for 4 weeks.

Continue

NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA
NBA

By yjawq

Leave a Reply

Your email address will not be published. Required fields are marked *