Dow Off 217; Tech, Banks Fall

Google, AmEx drop despite positive earnings reports
By Nick McMaster,  Newser Staff
Posted Jan 22, 2010 3:20 PM CST
Dow Off 217; Tech, Banks Fall
Traders work at the post that handles General Electric on the floor of the New York Stock Exchange Friday, Jan. 22, 2010. General Electric Co.'s fourth-quarter   (AP Photo/Richard Drew)

(Newser) – Strong earnings just weren't enough to buoy the markets today, as Google and American Express saw big declines despite strong quarterly reports. Goldman Sachs and other financials also posted losses due to fear over President Obama's new restrictions on banks, the Wall Street Journal reports.

  • The Dow lost 216.90 points to close at 10,172.98.
  • The Nasdaq fell 60.41, dropping to 2,205.29.
  • The S&P 500 shed 254.72, settling at 1,091.76.
(Read more Dow Jones stories.)

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