Wall St eyes lower open after Goldman Sachs misses profit expectations

Published by
Reuters

By Shreyashi Sanyal and Amruta Khandekar (Reuters) -Wall Street’s main indexes were set to open lower on Tuesday after Goldman Sachs missed quarterly profit estimates, worsening sentiment already dented by downbeat economic data from China earlier in the day. Goldman Sachs Group Inc fell 2.4% in premarket trading after the bank reported a bigger-than-expected 69% drop in quarterly profit due to heavy losses in its consumer business and a slump in dealmaking. Morgan Stanley beat analysts’ estimates for fourth-quarter profit as the investment bank’s trading business got a boost from market volat…

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