The Dow Jones Closes 100 points lower, after Goldman Shock Wall Street with a miss

Dow Jones closes lower

Goldman Sachs shocked Wall Street by missing estimates causing the U.S. equities to close in the bear. Investors were cautious in the trading session because of the U.S. and North Korea tensions and that nearing of the French Presidential election.

The Dow Jones industrial average closed the session dropping 110 points lower with Goldman Sachs leading the fall shaving off 73 points and Johnsons & Johnson taking 26 points.

Tom Cassidy, chief investment officer at the Univest Wealth Management Division stated that "The market has been sideways recently and investors have been looking for a reason to sell off,"

The was not the only index to fall in the bear, as The S&P 500 was also down by 3 percent with health care, energy and financials leading the declines in the index while the Nasdaq composite was down by 0.1 percent.

The three major indexes snapped from its three day losing streak on Monday with the Dow rising more than 180 points, although during the lightest trading volume day of the year following the Easter Holiday.

Investors are treading lightly as U.S. –North Korea tensions continue to spark. Vice president Mike Pence reassured Japan of American commitment to reining in North Korea’s nuclear and missile ambitions yesterday, after the warning that the U.S. strikes in Syria and Afghanistan showed its strength of its resolve.

Investors also kept an eye on France, as campaigns started up ahead of the first round of the presidential election.


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