U.S. stocks struggle for direction at the open as investors weigh Goldman, Morgan Stanley earnings

U.S. stocks struggled for direction at the open on Tuesday, as investors weighed earnings from Goldman Sachs Group Inc. and Morgan Stanley as trading resumed following a three-day weekend honoring Martin Luther King Jr. The Dow Jones Industrial Average DJIA, -0.41% was down 0.2% soon after the opening bell, while the S&P 500 SPX, -0.05% edged up 0.1% and the Nasdaq Composite COMP, -0.

23% was trading about flat, according to FactSet data, at last check. Goldman Sachs and Morgan Stanley on Tuesday reported their results for the fourth quarter, with Goldman GS, -3.48% missing earnings estimates while Morgan Stanley MS, +4.40% beat analysts' forecasts. In economic data released Tuesday, the New York Fed's Empire State business conditions index, a gauge of manufacturing activity in the state, tumbled to the lowest level since the worst of the pandemic in 2020.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs misses its earnings estimate, while Morgan Stanley beats as profits dropWhile Morgan Stanley beat its earnings target and Goldman fell well short, both investment banks reported lower net income against a strong year-ago quarter.
Source: MarketWatch - 🏆 3. / 97 Read more »

Morgan Stanley is set to report fourth-quarter earnings—here’s what the Street expectsMorgan Stanley is set to report fourth-quarter earnings before the opening bell on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »

Morgan Stanley's earnings top Wall Street expectations, helped by record wealth management revenueMorgan Stanley reported fourth-quarter earnings before the opening bell on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »

Morgan Stanley beats profit and revenue marksMorgan Stanley stock fell 0.2% on Tuesday after the investment bank’s adjusted profit beat Wall Street expectations. Morgan Stanley said its fourth-quarter...
Source: MarketWatch - 🏆 3. / 97 Read more »