Stocks slip, putting S&P 500 on pace for its third down day in three weeks [Los Angeles Times (CA)]
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Source: Los Angeles Times
Stocks slip, putting S&P 500 on pace for its third down day in three weeks Falling bank stocks pulled U.S. stock indexes down a touch Monday, putting the Standard & Poor’s 500 index on track for just its third daily loss in the last three weeks. Goldman Sachs dropped to one of the largest losses in the S&P 500 after the bank said it’s off to a “muted start to the year,” though its first-quarter earnings still beat analysts’ expectations. Citigroup also fell after its report. Banks are leading off this quarter’s earnings season. Expectations are low for the market in general, and analysts are expecting that in the coming weeks, S&P 500 companies will report the first drop in earnings in nearly three years. Still, stocks have enjoyed a hot start to the year after the Federal Reserve said it may not raise interest rates at all in 2019, and the S&P 500 remains just 0.9% below the record high it set in September. Other indexes are also close to their highs. “I think we’re going to see equi
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