U.S. stocks fell on Wednesday, the general decline in the financial sector. Goldman Sachs and other financial giant's disappointing earnings report, under the downward pressure on the market.
EST at 16:00 on January 19 (Beijing time at 5:00 on January 20), the Dow Jones Industrial Average fell 12.86 points to close at 11,825.07 points, down 0.11%; the Nasdaq composite index fell 40.49 points, to close at 2,725.36 points, down 1.46%; Standard & Poor's 500 index fell 13.10 points to close at 1,281.92 points, down 1.01%.
Goldman Sachs announced bad earnings report, the financial sector are declining. American Express (AXP), Bank of America (BAC), Goldman Sachs (GS), Morgan Stanley (MS), Northern Trust (NTRS), State Street Bank (STT), Wells Fargo (WFC), JP Morgan Chase (JPM ), Citigroup (C) all other large financial stocks lower.
Some investors believe that even though most of the fairly decent earnings, but the market Quedui they are disappointed that the market's expectations for corporate earnings may have been too high.
With the decline in commodity futures prices, raw materials sector underperformed the broader market.
Some fund managers are beginning to question the United States for the eighth consecutive week of gains in the stock market may begin after the callback.
The latest economic data was mixed. The Commerce Department reported housing starts dropped in December by 4.3% to a seasonally adjusted figure fell to 529,000 annualized units, in November housing starts figure was revised down to 553,000 units. Economists had expected a small number of housing starts last month fell to 55.4 million. But the surge in building permits last month, 16.7%, the annual figure to reach 635,000 units.
European stock markets fell Wednesday, the pan-European Dow Jones Stoxx 600 index ended down 1.4%. New York crude oil futures prices fell 0.6%, to close at $ 90.86 a barrel, gold futures rose 0.2%, to close at $ 1,370.20 an ounce.