NEW YORK, July 18 (Xinhua) -- U.S. stocks traded mixed on Tuesday as investors sifted through a batch of corporate quarterly reports.
At midday, the Dow Jones Industrial Average was down 86.03 points, or 0.40 percent, to 21,543.69. The S&P 500 lost 1.39 points, or 0.06 percent, to 2,457.75. The Nasdaq Composite Index added 12.23 points, or 0.19 percent, to 6,326.66.
Wall Street giant Goldman Sachs reported earnings of 3.95 U.S. dollars a share earlier Tuesday, beating market estimates of 3.39 U.S. dollars. Goldman's revenue of 7.89 billion U.S. dollars fell from 7.93 billion U.S. dollars, but beat expectations of 7.52 billion U.S. dollars.
However, the bank reported a 17-percent decrease in trading revenues, the steepest of any big bank to report second-quarter earnings yet. Shares of Goldman declined over 2 percent around midday trading on Tuesday. The stock has lost 5 percent this year after surging more than 30 percent following the U.S. presidential election.
Bank of America also posted quarterly results that beat expectations. Its stock, however, was also pressured by a 9-percent decline in trading revenue. Shares of the bank dropped 1.5 percent at midday on Tuesday after the report.
Meanwhile, Johnson&Johnson shares added 1 percent on Tuesday after the consumer goods company said that it had net income of 3.8 billion U.S. dollars, or 1.40 U.S. dollars a share, in the second quarter this year, beating market expectations. Enditem
