๐Ÿ‡บ๐Ÿ‡ธ

Wall Street slips

Credit: Reuters Studio
Published on April 15, 2019 - Duration: 01:08s

Wall Street slips

Wall Street ended slightly lower on Monday, dragged down by financials.

As Fred Katayama reports, underwhelming earnings from Goldman Sachs and Citigroup curbed investor enthusiasm.

Advertisement

Wall Street slips

Stocks slipped on Wall Street Monday.

Lackluster bank earnings reports sparked the fall weighed on the market.

The Dow, S&P 500 and Nasdaq all finished just below the breakeven line.

CFRA Research chief investment strategist, Sam Stovall expectations for banks were heightened after JPMorgan Chase's strong earnings results on Friday.

SOUNDBITE: CFRA RESEARCH CHIEF INVESTMENT STRATEGIST, SAM STOVALL (ENGLISH) SAYING: "Instead of earnings being up about 5 percent as was anticipated by Wall Street, now diversified banks were expected to be up 13 percent in the first quarter.

So I think investors were basically saying 'We needed to see even better results on Monday versus the results we got on Friday.'" Financial stocks snapped their three-day winning streak.

Goldman Sachs quarterly revenue dropped and fell shy of analysts' expectations.

Like Goldman, Citigroup's revenue also declined.

Waste Management shares rose after the solid-waste giant said it's buying its smaller rival, Advanced Disposal Services, for about $3 billion.

Advanced Disposal's shares jumped.

Tiger Woods' dramatic Master's victory was also a win for some of his corporate sponsors.

Shares of Nike, Bridgestone, and Monster Beverage all rose.

You are here

โ€บ Videos โ€บ Wall Street โ€บ Wall Street slips

Recent related news from verified sources

Read more on https://www.fxstreet.com
4 hours ago • FXstreet.com

Asian stock markets are mixed on Tuesday following the modest gains overnight on Wall Street. Investors are cautious as they look ahead to earnings results from...
4 hours ago • RTTNews

ย  Dear Readers, I'm Meredith, the new finance editor at Business Insider, and I'm subbing in for Olivia this week. This was my first week on the job, and...
3 days ago • Business Insider

ยท *Several Wall Street firms initiated coverage of cybersecurity provider CrowdStrikeย on Monday.ย * ยท *CrowdStrike raised $612 million in its IPO, and the...
1 week ago • Business Insider

Recent related videos from verified sources

S&P 500 closes flat 00:59
Credit: Reuters Studio - Published 9 hours ago 

Why Jim Cramer Says a Bad Set of Earnings Won't Drag Down the Markets 01:07
Credit: The Street - Published 15 hours ago 

Alleged Street Takeover Driver Slams Into Wall After Pursuit 01:42
Credit: CBS2 LA - Published 16 hours ago 

HUSTLERS Movie - Cardi B as Diamond 00:04
Credit: Teaser-Trailer.com - Published 2 days ago 

You might like