Midday Report: Stocks See Red as Financials, Health Care Sectors Drag Markets Lower
Stock fell Tuesday after Goldman Sachs' (GS) - Get Report first-quarter earnings came up short. The health and financial sectors led markets lower. Goldman Sachs reported first-quarter profit and revenue that came in below Wall Street's expectations. A decline in stock trading revenue hurt the bank as it reported earnings of $5.15 a share on revenue of slightly over $8 billion. The stock declined about 4%, taking more than 60 points off the Dow. Johnson & Johnson (JNJ) - Get Report shares fell 3.3% after the company reported earnings of $1.83 a share, beating Wall Street estimates. However, revenue of $17.77 billion came in below expectations. Finally, Netflix (NFLX) - Get Report shares fell after the streaming company reported earnings of 40 cents a share, beating estimates. Revenue of $2.64 billion matched analysts' forecasts. However, Netflix added about 1.4 million U.S. subscribers and 3.5 million international subscribers, below analysts' forecasts.









