U.S. stocks opened lower on Tuesday, with financials leading the decline after Goldman Sachs reported weaker-than-expected quarterly results. The Dow Jones Industrial Average DJIA, -0.32% fell 95 points, or 0.5%, to 20,545. The S&P 500 SPX, -0.17% slid 7 points to 2,342, a drop of 0.3%.
The Nasdaq Composite Index COMP, -0.09% fell 20 points, or 0.3%, to 5,837. Goldman Sachs Group Inc GS, -3.54% lost 3% and was the biggest drag on the Dow. The company’s results overshadowed forecast-topping results from fellow financial Bank of America BAC, +0.33% shares of which rose 1.4%. Among other results, Johnson & Johnson JNJ, -2.76% fell 2% after reporting a drop in revenue. Investors also continued to watch political issues abroad, with the coming election in France and tensions between the U.S. and North Korea. In the latest economic data, housing starts fell 6.8% in March. Industrial output rose 0.5% in the month.
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