Stocks edge lower as big banks report earnings

Stocks edge lower as big banks report earnings

U.S. stocks fell in early-morning trading amid key earnings reports from financial heavyweights.

The S&P 500 (^GSPC) was down 0.8%, while the Dow Jones Industrial Average (^DJI) was off by 0.6%. The technology-heavy Nasdaq Composite (^IXIC) declined by roughly 0.8%.

The yield on the benchmark 10-year U.S. Treasury ticked up slightly to 3.47%. The dollar index ticked up 0.21% to $102.21.

Stocks pared early losses after the U.S. Michigan consumer sentiment survey for January rose to a nine-month…


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