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Goldman, Travelers drag Dow lower as earnings season picks up

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The Dow fell more than 1% as weak earnings from Goldman Sachs dragged the index lower, but a jump in Tesla shares helped the Nasdaq stay positive as the corporate earnings season took center stage $GS $TSLA

for fourth-quarter profit as its trading business got a boost from market volatility.

Equity markets have posted a strong start to the year after a dismal 2022, on hopes easing inflation and a slowdown most notably in the labor market would allow the Federal Reserve to pare the size of interest rate hikes it is using to combat high prices.

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