The S&P 500 suffered its biggest decline in nearly two months on Wednesday as disappointing results from Goldman Sachs and Wells Fargo put a damper on the rally.

Based on the latest available data, the Dow Jones industrial average <.DJI> was down 12.86 points, or 0.11 percent, to end unofficially at 11,825.07. The Standard & Poor's 500 Index <.SPX> was down 13.10 points, or 1.01 percent, to finish unofficially at 1,281.92. The Nasdaq Composite Index <.IXIC> was down 40.49 points, or 1.46 percent, to close unofficially at 2,725.36.

(Reporting by Caroline Valetkevitch; Editing by Jan Paschal)