Here Are 3 Hot Things to Know About Stocks Right Now
- The Dow Jones Industrial Average closed down Monday after earnings reports from Citigroup (C - Get Report) and Goldman Sachs Group (GS - Get Report) .
- Citigroup posted better-than-expected results in the first quarter. The stock dipped slightly.
- Goldman Sachs Group (GS - Get Report) fell 3.9% after first-quarter profit fell 21% though less than expected.
Wall Street Overview
"Despite inverted yield curve worries, earnings coming out of major financial players are on a tear," said Chris Larkin, senior vice president at E*Trade. "The SPX is less than 1% from its all-time highs and it's anyone's guess if it will break through our not. Trade and earnings are the primary factors in the equation that could push it up or right back down. The tech sector has seen some serious strength as hopes of a trade deal grow stronger. Health care, on the other hand, has had a tough go of it as investors once again shift away from defensive plays."