The Dow Jones Industrial Average closed lower on Tuesday to kick off a holiday-shortened week that has investors focused on mixed earnings reports from major banks. The Dow shed about 391 points Tuesday, or 1.1%, ending near 33,911:
The Dow and S&P 500 closed lower on Tuesday to kick off a holiday-shortened week that has investors focused on mixed earnings reports from major banks. The Dow Jones Industrial Average DJIA, -1.14% shed about 391 points Tuesday, or 1.1%, ending near 33,911, matching its biggest daily percentage drop since Dec. 28, according to a preliminary FactSet reading. The S&P 500 SPX, -0.20% fell 0.2% and the Nasdaq Composite Index COMP, +0.14% rose 0.1%. Morgan Stanley MS, +5.
84% reported results that beat analyst expectations for the fourth-quarter, but those of Goldman Sachs GS, -6.44% disappointed. Corporate earnings have been a key focus for investors monitoring signs of a looming U.S. economic recession, which could threaten the modest rally seen in stocks to kick off 2023. The yield on the 10-year Treasury rose 2.4 basis points to 3.543% on Tuesday, down from its one-year high of 4.360% in October, according to Dow Jones Market Data.
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NYPD Fires Captain Who Faked 400 Hours of OvertimeEx-Capt. Jackson Cheng, 45, initially claimed he was caring for his sick parents.
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Football coach who made team do 400 pushups investigated by Child Protective ServicesChild Protective Services is now looking into the Texas coach whose alleged pushup punishment of players resulted in student hospitalizations, according to local reports.
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