The blue-chip Dow lost almost 400 points on Tuesday, dragged by the financial sector, as investors digested a slew of earnings reports while reassessing the growth outlook. The S&P 500 seesawed around the 4,000 mark while the Nasdaq 100 outperformed by adding roughly 0.1%, driven by an over 7% rally in Tesla. Goldman Sachs reported a larger-than-expected 69% decline in fourth-quarter profits due to heavy losses in its investment banking unit and asset management revenue, which drove its shares down almost 7%. On the other hand, rival Morgan Stanley jumped 6% after surprising investors on the upside after its trading firm got a boost from market volatility. Whirlpool was also in the spotlight after the home appliances company said it is divesting its businesses across Europe, the Middle East, and Africa.
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