Close Update: Stocks Finish Lower, Dragged Down by Goldman Sachs, Citigroup Earnings
Texas oil contracts fell after the longest run of weekly gains in three years, according to media reports,
The S&P 500 was down 0.06%, while the Dow Jones Industrial Average dipped 0.1%, both of which list Goldman Sachs stock. The tech-heavy Nasdaq Composite Index also suffered a 0.1% drop.
The consumer staples and health sectors led the upside in the S&P 500 with a 0.7% and 0.3% gain, respectively, while real estate and financials were the worst performing sectors, both sharing a 0.7% decline.
Looking ahead, investors will begin to look at a new slate of quarterly figures as bank earnings season continues, with Bank of America (BAC), Morgan Stanley (MS), and American Express (AXP) set to report this week.
Also posting first quarter earnings this week are Johnson & Johnson (JNJ), Netflix (NFLX), IBM (IBM), United Continental (UAL), PepsiCo (PEP), Honeywell (HON), Alcoa (AA) and Taiwan Semiconductor (TSM).
In commodities, West Texas Intermediate crude oil futures fell 0.6% to $63.51 per barrel. Natural gas was down 2.7% to $2.59 per 1 million BTU. Gold futures slipped 0.3% to $1,291.10 an ounce, while silver fell fractionally to $14.94 an ounce.
Among energy ETFs, the United States Oil Fund was down 0.5% to $13.23 while the United States Natural Gas Fund was down 2.4% to $22.79. Among precious-metal funds, the Vectors Gold Miners ETF fell fractionally to $22.24 while SPDR Gold Shares slipped 0.2% to $121.60. The iShares Silver Trust was up almost 0.1% to $14.06.
Dow Jones Industrial Average was down 27.53 points (-0.10%) 26,384.77
S&P 500 was down 1.83 points (-0.06%) to 2,905.58
Nasdaq Composite Index was down 8.15 points (-0.10%) 7,976.01
FTSE 100 was down 0.19 points to 7,436.87
DAX was up 20.35 points (+0.17%) to 12,020.28
CAC 40 was down 6.03 points (+0.11%) to 5,508.73
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
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