LIVE MARKETS- US stocks finish down with bank shares 

By Reuters News

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US STOCKS FINISH DOWN WITH BANK SHARES

US stocks ended lower on Tuesday, although the S&P 500 .SPX was close to flat, as bank shares fell following quarterly results from top firms including Goldman Sachs GS.N, Citigroup C.N, JPMorgan JPM.N and Wells Fargo WFC.N.

The S&P 500 banks index .SPXBK ended 1.7% lower. Shares of Citigroup dropped 5.6% following its results, while Wells Fargo fell 3.1%. Wells Fargo reported net interest income that missed estimates.

Goldman Sachs was down just 0.2% and JPMorgan eased 0.9%.

An index of semiconductors .SOX was down 0.2%. On Monday, the Broadcom AVGO.O CEO likened some of the investment flow into the sector to "casino gambling." Broadcom shares ended up 0.7%, while shares of Applied Materials AMAT.O fell 6.7%.

The bank results kick off the third-quarter S&P 500 earnings season. Analysts expect earnings from S&P 500 companies to have gained 30.6% year-over-year for the third quarter, with energy, technology and communication services leading sector earnings gains for the period, according to LSEG.

The S&P 500 healthcare index .SPXHC fell 1.3% and led declines among sectors on the day. Shares of Johnson & Johnson JNJ.N were down 5.7% despite the company reporting earnings that topped estimates.

Energy .SPNY, up 1.7%, led S&P 500 sector gainers.

Here is the closing market snapshot:

(Caroline Valetkevitch)

EARLIER ON LIVE MARKETS:

MIXED RESPONSE TO EARLY US EARNINGS REPORTS CLICK HERE

FOR MARKETS, BOND YIELDS MAY MATTER MORE THAN MIDTERMS CLICK HERE

TWO-FER TUESDAY: HOME SALES TICK UP, SMALL BUSINESS SENTIMENT SOURS CLICK HERE

WALL STREET STOCKS EDGE DOWN EARLY AS BANKS EASE FOLLOWING RESULTS CLICK HERE

TECH'S LEAD OVER BANKS FACES ANOTHER TEST CLICK HERE

AN OLD MARKET PANIC, A DIFFERENT BANKING SECTOR CLICK HERE

THESE NAMES COULD SURPRISE -- TO THE UPSIDE OR DOWNSIDE -- JEFFERIES SAYS CLICK HERE

LUXURY'S LONG GAME CLICK HERE

AI JITTERS, BUT THE STOXX STILL RISES CLICK HERE

EUROPE BEFORE THE BELL: STEADY-ISH CLICK HERE

THE FRAGILE AI TRADE CLICK HERE


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