Stock Market Roundup, Jan. 17: Bank Stocks (JPM, BAC, GS) Drag Markets Down

Ryan McQueeney

Updated Tue, Jan 17, 2017, 5:02 PM

The major indexes were red on Tuesday thanks, in part, to the banking sector. Despite strong earnings results, banking stocks slid across the board and helped make Tuesday a difficult day for the rest of the market.

Also, investors were once again chattering about Apple as the latest round of product rumors have started circling. 2017 will have to be a big year for Apple, and the tech giant is looking to ensure its success by retaking its place as the industry innovator.

Zacks Rank #1 (Strong Buy) Top Movers

Value: AeroCentury Corp. ACY - +4.39%

Growth: Ur Energy Inc. URG - +3.87%

Momentum: EXFO Inc. EXFO - +9.78%

VGM: ACY

Major Indexes

DOW: 19,808.01 / -77.72 / -0.39%

NASDAQ: 5,535.56 / -38.56 / -0.69%

S&P 500: 2,266.29 / -8.35 / -0.37%

Top Headlines

Bank Stocks Slide Despite Strong Earnings, Trump Boost

Despite a relatively strong fourth-quarter earnings season, the banking sector is took a beating on Tuesday. Some of the world’s largest banks, including JPMorgan Chase JPM, Wells Fargo WFC, Bank of America BAC, and Goldman Sachs GS are sliding as investors appear to have lost interest in the thriving industry.

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Here Are The Latest iPhone 8 and MacBook Rumors

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Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?

Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>

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Stock Market Roundup, Jan. 17: Bank Stocks (JPM, BAC, GS) Drag Markets Down

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