The hamstrung market once again proved thoroughly unpredictable on Tuesday amid persisting credit fears, guiding financial stocks into a midday slide after a seemingly stalwart morning start.
Goldman Sachs (GS Quote) more or less mirrored these movements even after the New York brokerage posted a better-than-expected profit of $3.17 billion, or $7.01 a share, in the fiscal fourth quarter. Analysts polled by Thomson Financial were looking for $6.61 a share. Revenue sank 12.9% sequentially to $10.7 billion, but that still represents a 14.2% gain over last year and comes in ahead of the $10.2 billion average analyst estimate.
Still, Goldman shares traded largely in negative territory after a short-lived morning struggle to get above water. Recently, the stock was down $7.86, or 3.8%, at $200.77. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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| 10,452.00 | 1,107.93 | 2,201.05 | 36.03 |
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SPDR Gold
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