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By Staff Reporters
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During regular trade, the Dow Jones Industrial Average fell 215.6 points or 0.7% to 31,072.6, the S&P 500 lost 32.3 points or 0.8% to 3,830.8 and the NASDAQ Composite dipped 92.4 points or 0.8% to 11,360.1.
Among stocks, Goldman Sachs Group Inc (NYSE: GS) added 2.5% after reporting Q2 EPS of $7.73 versus $6.64 expected on revenue of $11.86 billion versus expectations of $10.85 billion. Charles Schwab Corp (NYSE: SCHW) closed 1.5% lower despite reporting Q2 EPS of $0.97, beating expectations of $0.91, while revenue came in at $5.09 billion versus $5.04 billion expected. Meantime, fresh data from the National Association of Home Builders showed that home builder sentiment plunged 12 points to 55, touching the lowest levels since the start of the pandemic.
On the bond markets, United States 10-Year rates were at 2.989%.
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