MarketWatch·1 min read·medium

Stock Market Today: Dow falls 170 points despite strong Goldman Sachs earnings; chip selloff deepens - MarketWatch

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Isabel Wang, Joseph Adinolfi, Steve Goldstein, Jules Rimmer, Nora Redmond
Stock Market Today: Dow falls 170 points despite strong Goldman Sachs earnings; chip selloff deepens - MarketWatch
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The Dow Jones Industrial Average dropped 170 points as investors reacted to mixed financial earnings from major banks. Meanwhile, the technology sector faced downward pressure due to a broader selloff in semiconductor stocks.

Why it matters

Market fluctuations in the banking and tech sectors serve as key indicators of investor sentiment regarding the broader U.S. economy.

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U.S. stocks are lower on Tuesday as JPMorgan, Goldman Sachs, Wells Fargo and…

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