Stock market today: US stocks fall to start four-day trading week

US stocks stumbled on Tuesday, with investors still focused on the path of interest rates after a lackluster start to earnings season that kicked off with big bank results.

Dow Jones Industrial Average (^DJI) dropped as much as 0.9%, while S&P 500 (^GSPC) shed 0.6%. The tech-heavy Nasdaq (^IXIC) was down 0.5% despite flipping into green territory several times earlier in the session as chipmakers Nvidia (NVDA) and Advanced Micro Devices (AMD) rose.

Goldman Sachs (GS) shares were trading slightly higher on Tuesday after the bank reported a fourth quarter earnings jump of 51% year-over-year. Goldman Sachs said its full-year net income of $8.52 billion for 2023 was down 24% as dealmaking slowed across the industry.

Morgan Stanley (MS) shares dipped more than 3% after posting a quarterly profit impacted by a one time charge of $535 million. The banks fourth quarter revenue beat Wall Street expectations.


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