Morning Report 18 Jan 23: US sharemarkets were mixed in a volatile trading session on Tuesday

Shares of Goldman Sachs slid 6.4% after the bank reported a bigger-than-expected drop in quarterly profit, dragging on the Dow Jones index. Insurer Travelers Companies shares fell 4.6% after forecasting fourth-quarter earnings below estimates. But shares of Morgan Stanley jumped 5.9% after the bank beat analysts' estimates for fourth-quarter profit as its trading business got a boost from market volatility. And Tesla shares gained 7.4% after the electric-vehicle maker's January retail sales surged in China following recent price cuts on its top-selling models. At the close of trade, the Dow Jones index fell 392 points or 1.1%. The S&P 500 index lost 0.2%. But the Nasdaq index added 16 points or 0.1%.

 

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