The Dow Jones Industrial Average fell Tuesday as rates ticked higher and Wall Street pored through the latest batch of fourth quarter earnings.
Investors also awaited more data that can give better glimpse into the state of the American consumer.

The 30-stock index plunged 238.46 points at 37,354.52.

The S&P 500 sank 18.77 points to 4,765.06.

The NASDAQ fell 50.1 points to 14,922.66.

Boeing shares tumbled more than 7% after Wells Fargo downgraded the company to equal weight from overweight, amid ongoing troubles with its 737 Max 9 model. Meanwhile, AMD shares jumped 7.8% on Tuesday following upbeat analyst commentary on semiconductor demand. The chipmaker trying to catch Nvidia in the A.I. race rose to a new 52-week high. AMD is scheduled to report its quarterly results on Jan. 30.

Several major banks released their quarterly earnings Tuesday morning. Goldman Sachs reported better-than-expected profit and revenue, while Morgan Stanley posted a revenue beat in the fourth quarter. Shares of Goldman recovered 1.6% while Morgan slipped 4%.

Roughly 30 S&P 500 companies have reported calendar fourth-quarter results thus far. Of those, 78% have beaten earnings expectations

Investors are also looking ahead to December retail sales data out Wednesday, which could fuel recessionary fears and concerns about economic growth if U.S. consumer spending sees a cooldown.

Wall Street is coming off its 10th positive week in 11. The Dow and S&P 500 gained 0.3% and 1.8%, respectively, last week. The Nasdaq jumped 3% for its biggest weekly gain since November.

Prices for the 10-year Treasury slipped, raising yields to 4.01% from Friday’s 3.94%. Treasury prices and yields move in opposite directions.

Oil prices subtracted 52 cents to $72.16 U.S. a barrel.

Gold prices dipped $10.90 to $2,040.70.

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