Stocks fell on Wednesday after Goldman Sachs posted a decline in quarterly profit, denting investor optimism.
Goldman Sachs Group Inc
Shares of Wells Fargo & Co
Shares of American Express Co
Banks had some difficulty with revenue as seen with Goldman Sachs this morning, said Robert Pavlik, chief market strategist at Banyan Partners LLC in New York.
Despite concerns over bank results, earnings from Apple Inc
Apple's profit blew past Wall Street expectations on strong sales of iPhones, iPads and Mac computers. The stock was up 2 percent at $347.44 as a number of brokerages including Goldman Sachs and Bank of America Merrill, raised their price targets on the stock.
Shares of IBM rose 2.2 percent to $153.90.
The Dow Jones industrial average <.DJI> was up 7.50 points, or 0.06 percent, at 11,845.43. The Standard & Poor's 500 Index <.SPX> was down 4.30 points, or 0.33 percent, at 1,290.72. The Nasdaq Composite Index <.IXIC> was down 10.24 points, or 0.37 percent, at 2,755.61.
(Editing by Padraic Cassidy)