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U.S. stocks are falling after Goldman’s earnings miss weighs on Dow

January 17, 2023

U.S. stocks are falling to start a new week after Goldman Sachs posted worse-than-expected quarterly results on rising costs and a slump in deal activity.

At 11:19 ET (16:19 GMT), the Dow Jones Industrial Average was down 377 points or 1.1%, while the S&P 500 was down 0.3% and the NASDAQ Composite was down 0.3%.

Wall Street returned from a long holiday weekend in the U.S. with a somber mood set by weak economic data out of China.