Stocks closed lower on Wall Street as poor results from Johnson & Johnson, Goldman Sachs, and other companies put a damper on buying, the AP reports. Johnson & Johnson lost 3.1% Tuesday, and drugmaker Cardinal Health slumped 11.5%. Goldman Sachs fell 4.7% after reporting a rare miss on its trading desk.
The Standard & Poor's 500 index fell 6 points, or 0.3%, to 2,342. The Dow Jones industrial average gave up 113 points, or 0.6%, to 20,523. Goldman Sachs accounted for most of that loss. The Nasdaq composite slipped 7 points, or 0.1%, to 5,849. Bond prices rose. The yield on the 10-year Treasury fell to 2.17%.