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US stocks slide as bank shares lag

IANS  |  New York 

US stocks declined as major shares fell, weighing on the market.

The on Monday decreased 27.53 points, or 0.10 per cent, to 26,384.77. The S&P 500 fell 1.83 points, or 0.06 per cent, to 2,905.58, reported.

The dropped 8.15 points, or 0.10 per cent, to 7,976.01.

Shares of slid 3.82 per cent at the close, leading the laggards in the Dow. The delivered first-quarter results before Monday's opening bell and its revenue for the quarter missed estimates.

also reported earnings topped expectations while revenue missed. The stock traded roughly on a downbeat note throughout the session and closed 0.06 per cent lower.

The financials sector was down 0.62 per cent, the worst-performing group among the 11 primary S&P 500 sectors.

Wall Street is anxiously expecting corporate earnings amid signs of slowing global growth.

Of the companies that have reported, 85 per cent have topped earnings expectations, according to CNBC, citing

--IANS

pgh/

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 16 2019. 05:50 IST
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