US stocks slipped marginally Monday at midday after results from financial giants Goldman Sachs ( GS ) and Citigroup ( C ) failed to impress investors.
The Dow Jones Industrial Average fell 0.3%, weighed down by Goldman, which shed 3% after reporting revenue that fell short of Wall Street expectations. The S&P 500 also slumped 0.3% while the Nasdaq Composite Index surrendered 0.4%.
Financials, along with real estate, were helping drag the S&P 500 lower as earnings season again kicks in. Financials were off 0.9% as Citigroup fell 0.7% after reporting that investment banking, equity market and fixed income revenue fell.
In commodities, West Texas Intermediate crude oil futures fell 1% to $63.24 per barrel. Natural gas was down 2% to $2.61 per 1 million BTU. Gold futures slipped 0.3% to $1,291.80 an ounce, while silver fell fractionally to $14.94 an ounce.
Among energy ETFs, the United States Oil Fund was down 1% to $13.17 while the United States Natural Gas Fund was down 1.7% to $22.96. Among precious-metal funds, the Vectors Gold Miners ETF fell fractionally to $22.19 while SPDR Gold Shares slipped marginally to $121.73. The iShares Silver Trust was up about 0.1% to $14.06.
Here's where the markets stood at midday:
NYSE Composite Index was down 23.67 points (-0.18%) to 12,945.87
Dow Jones Industrial Average was down 65.15 points (-0.25%) to 26,347.15
S&P 500 was down 7.98 points (-0.27%) to 2,899.43
Nasdaq Composite Index was down 28.60 points (-0.36%) to 7,955.56
FTSE 100 was down 6.16 points (-0.08%) to 7,430.90
DAX was up 14.26 points (+0.12%) to 12,014.19
CAC 40 was up 3.09 points (+0.06%) to 5,505.79
Nikkei 225 was up 298.55 points (+1.37%) to 22,169.11
Hang Seng Index was down 99.04 points (-0.33%) to 29,810.72
Shanghai China Composite Index was down 10.84 points (-0.34%) to 3,177.79
NYSE SECTOR INDICES
NYSE Energy Sector Index was down 23.94 points (-0.22%) to 10,906.99
NYSE Financial Sector Index was down 27.68 points (-0.35%) to 7,962.41
NYSE Healthcare Sector Index was up 57.16 points (+0.36%) to 15,737.11
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