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Dow Jones | Nasdaq Today | US Stock Market News Today LIVE: US stocks fell for a second consecutive day on Wednesday (January 14), retreating from record highs as investors weighed a new round of corporate earnings. Wells Fargo shares led the losses, dropping over 2% after the bank reported fourth-quarter revenue below expectations. In contrast, Citigroup rose more than 1% after posting stronger-than-expected results for the quarter.
Dow Jones | Nasdaq Today | US Stock Market News Today LIVE: US stocks fell for a second consecutive day on Wednesday (January 14), retreating from record highs as investors weighed a new round of corporate earnings. Wells Fargo shares led the losses, dropping over 2% after the bank reported fourth-quarter revenue below expectations. In contrast, Citigroup rose more than 1% after posting stronger-than-expected results for the quarter.
Equity futures also remained under pressure despite robust November data for the producer price index and retail sales. The decline follows Tuesday’s broad sell-off, with the Dow falling nearly 400 points as financials underperformed. JPMorgan Chase shares slipped more than 4% after investment banking fees came in below forecasts, while Goldman Sachs and Bank of America shares also declined in response.
