J.P.Morgan, Goldman Sachs Weigh On Dow

MarketWatch Pulse

After five consecutive days of record closes, the benchmark S&P 500 appears to be taking a breather on Wednesday. The gains from the previous five days have been far from convincing, with the S&P 500 advancing a mere 1.4%. The index is down 3 points on Wednesday, with the utilities leading the losses, as they continues to be one of the most volatile segments of the markets. The S&P 500 utilities sector is down 2%. The Dow Jones Industrial Average lost 37 points, with Goldman Sachs Group and J.P.Morgan Chase & Co accounting for nearly half the points lost in the index.

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