Stocks in pullback as Goldman Sachs, Amex tumble

Windsor Genova AHN News News Writer New York, NY, United States (AHN) U.S.
stocks retreated on Wednesday with financials weighing on the three major
indexes as Goldman Sachs missed revenue targets and American Express announced
the closure of its North Carolina facility and job cuts to trim fourth quarter
profits. Stocks in pullback as Goldman Sachs, Amex tumble The Dow Jones
Industrial Average lost 12.64 points or 0.1 percent to 11,825 with Bank of
America and American Express as the biggest losers. The Standard & Poors 500
Index fell 13 points or 1 percent to close at 1,282. The Nasdaq Composite Index
suffered its biggest one-day loss in two months by declining 40 points or 1.5
percent to 2,725. Oil for March delivery was down 50 cents to $91.81 per barrel.
Gold futures for February delivery rose $2 to close at $1,370 an ounce. Article