Wall Street is drifting lower in a lackluster return to trading following a three-day holiday weekend. The S&P 500 was 0.4% lower Tuesday, though it remains within a good day of its all-time high set two years ago. The Dow was down 262 points, and the Nasdaq composite fell 0.4%. Morgan Stanley sank after a legal matter and a special assessment knocked more than half a billion dollars off its pretax earnings, but Goldman Sachs rose after reporting stronger profit than expected. Treasury yields rose in the bond market to increase the pressure on the stock market. Indexes abroad were also weaker.
- January 16, 2024
- 27°