Since the day of announcement of results of large investors can not be satisfied, 19 New York stock market suffered considerable pressure by the close, the Dow Jones index fell 0.1%, but the S & P and Nasdaq index's decline of 1% in above.
The market price the day of the basic earnings still dominate. Morning Goldman Sachs announced that its fourth-quarter profit fell 53%, in line with market expectations, but the company's operating income and is not expected. Citibank announced the day before, after a disappointing performance, poor earnings at Goldman Sachs and further dampen the investors to do more for the banking sector's enthusiasm, affected, after another day of big bank shares fell, dragging the main index lower.
In addition, although Apple and IBM, are released after the close of the previous session's strong performance, but the trend of technology stocks is rather weak that day, mainly because many investors in the stock shot up after the recent profit-taking, to the whole create a larger pressure plate, causing the tech-heavy Nasdaq index was significantly weaker than the performance of other indices.
Some analysts have pointed out that the company's recent earnings report, and not bad in general, the stock market fell mainly because the market had some high expectations for company performance, in this case, the stock market may face some short-term pullback pressure.
New York stock markets closed, the Dow Jones 30 Industrial Average index over the previous trading day down 12.64 points to close at 11,825.29 points, down 0.11%. Standard & Poor's 500 index fell 13.10 points to close at 1281.92 points, down 1.01%. The Nasdaq composite index fell 40.49 points to close at 2725.36 points, down 1.46%.