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What is the story about?
Dow Jones | Nasdaq Today | US Stock Market News Today LIVE: US stocks fell for a second consecutive day on Wednesday (January 14), retreating from record highs as investors weighed a new round of corporate earnings. Wells Fargo shares led the losses, dropping over 2% after the bank reported fourth-quarter revenue below expectations. In contrast, Citigroup rose more than 1% after posting stronger-than-expected results for the quarter.
Equity futures also remained under pressure despite robust November data for the producer price index and retail sales. The decline follows Tuesday’s broad sell-off, with the Dow falling nearly 400 points as financials underperformed. JPMorgan Chase shares slipped more than 4% after investment banking fees came in below forecasts, while Goldman Sachs and Bank of America shares also declined in response.
Equity futures also remained under pressure despite robust November data for the producer price index and retail sales. The decline follows Tuesday’s broad sell-off, with the Dow falling nearly 400 points as financials underperformed. JPMorgan Chase shares slipped more than 4% after investment banking fees came in below forecasts, while Goldman Sachs and Bank of America shares also declined in response.
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