Dow Dips Over 350 Points; Goldman Sachs Posts Upbeat Earnings

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U.S. stocks traded lower this morning, with the Dow Jones falling more than 350 points on Monday.

Following the market opening Monday, the Dow traded down 0.79% to 47,537.73 while the NASDAQ fell 0.34% to 22,824.61. The S&P 500 also fell, dropping, 0.33% to 6,794.11.

Leading and Lagging Sectors

Information technology shares climbed by 1.2% on Monday.

In trading on Monday, consumer staples stocks fell by 1.2%.

Top Headline

Goldman Sachs Group Inc (NYSE:GS) reported better-than-expected earnings for the first quarter on Monday.

The company posted quarterly earnings of $17.55 per share which beat the analyst consensus estimate of $16.30 per share. The company reported quarterly sales of $17.227 billion which beat the analyst consensus estimate of $16.970 billion.

Equities Trading UP
           

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Full story available on Benzinga.com

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