Stock indexes on Wall Street closed mixed Tuesday, as investors focus on a busy week of corporate earnings for insight into how much damage inflation is inflicting on the economy.
The S&P 500 slipped 0.2 percent, ending a four-day winning streak. The Dow Jones Industrial Average fell 1.1 percent, mostly because of a big drop in Goldman Sachs after the investment bank’s results came in far below analysts’ estimates as dealmaking dried up.
Gains in technology stocks helped the Nasdaq composite eke out a 0.1 percent gain, extending the tech-heavy index’s winning streak to a seventh day.
The mixed start to the holiday-shortened week follows a solid start to the year for Wall Street after a dismal 2022. The broader market is coming off its best week in two months, but investor sentiment could quickly turn as companies report their results for the October-December quarter….