Stock Market Today: Goldman, Travelers Drag Dow Lower
The Nasdaq, meanwhile, extended its daily win streak to seven.

Stocks took different directions to start the short week. (Monday was a stock market holiday to celebrate Martin Luther King Jr. Day.)
While the tech-heavy Nasdaq kept its win streak alive, disappointing earnings from financial giant Goldman Sachs (GS) pressured the blue-chip Dow Jones Industrial Average.
This morning, Goldman Sachs said fourth-quarter profit plunged 66% year-over-year to $3.32 per share as merger-and-acquisition activity dried up amid rising interest rates and an uncertain economic backdrop. Revenue fell 16% to $10.6 billion. Both figures fell short of analysts' consensus estimates, and the stock plummeted 6.5% in reaction.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Travelers Companies (TRV) also created headwinds for the Dow on Tuesday. Shares slid 4.6% after the insurance company said it expects Q4 earnings to come in lower than expected due to what CEO Alan Schnitzer called "catastrophic weather." TRV is slated on the earnings calendar to report its full fourth-quarter results before the market opens next Tuesday, Jan. 24.
At the close, the Dow was down 1.1% at 33,910, while the S&P 500 shed 0.2% to 3,990. The Nasdaq Composite, meanwhile, gained 0.1% to 11,095, its seventh straight win.
The Best Dow Dividend Stocks
Despite today's lower finish for the Dow and S&P 500, it's been a pretty strong start for the equities market. Year-to-date gains for the major benchmarks range from 2.3% to 6%. According to John Osterweis, founder and co-chief investment officer at Osterweis Capital Management, investors can expect higher future returns, too.
But there's no clear timeline as to when the market will shift from bear market to bull market, and stock prices could go lower in the meantime. So what are investors to do? "The key is to position portfolios to withstand the near-term risks stemming from possible recession and inflationary cost pressures on the one hand, and on the other, to benefit from the eventual economic upturn that will inevitably follow any slowdown," Osterweis says.
This can include buying the best dividend stocks, which Osterweis says can "prove to be superior investments." Additionally, investors should seek out companies "with strong balance sheets and substantial cash flows" as they "are better able to navigate difficult times and are thus able to gain market share during rough periods." These are qualities found in the best Dow dividend stocks, which provide investors with reliability and stability, as well as market-beating yields.
With over a decade of experience writing about the stock market, Karee Venema is an investing editor and options expert at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
-
-
Where Americans Most Use Deals and Coupons
While you may not be an extreme couponer, you’ve probably had deals on your radar. Here's where shoppers practice the most savings strategies.
By Erin Bendig • Published
-
New Mexico Rebate Checks Up to $1,000 Coming in June
New Mexico rebate checks will be sent soon. Here's what you should know.
By Katelyn Washington • Published
-
Stock Market Today: Stocks Close Lower Ahead of Key Debt Ceiling Vote
The major benchmarks spent most of Wednesday in the red as the House prepares to vote on the debt ceiling deal this evening.
By Karee Venema • Published
-
Stock Market Today: Stocks Give Back Big Debt Ceiling Deal Gains
The major benchmarks opened solidly higher Tuesday after lawmakers announced a debt ceiling deal, but optimism faded into the close.
By Karee Venema • Published
-
Stock Market Today: Stocks Jump on Debt Ceiling Progress
The major benchmarks rallied into the long weekend after lawmakers said they're making strides in debt ceiling negotiations.
By Karee Venema • Published
-
Stock Market Today: Stocks Rise After AI Outlook Sparks Explosive Nvidia Rally
The Nasdaq and S&P 500 made impressive advances today after chipmaker Nvidia forecast record quarterly revenue on AI growth.
By Karee Venema • Published
-
Is Nvidia Stock Just Getting Started?
Nvidia stock has more than doubled this year already, but analysts say explosive growth in AI gives NVDA plenty more upside ahead.
By Dan Burrows • Last updated
-
Stock Market Today: Stocks Sink on Debt Ceiling Impasse
While the major benchmarks finished in the red, retail stocks Abercrombie & Fitch and Kohl's popped after earnings.
By Karee Venema • Published
-
Debt Ceiling Crisis: What Did Stocks Do the Last Time the U.S. Nearly Defaulted?
Playing chicken with the debt ceiling has been bad for stocks in the past.
By Dan Burrows • Last updated
-
Stock Market Today: Debt Ceiling Anxiety Weighs on Stocks
While a Monday night meeting between Biden and McCarthy was "productive," there are no signs the two sides are nearing a deal.
By Karee Venema • Published