MARKET PULSE-Goldman Sachs, Coca-Cola, Ford, Tesla, Addus, ReneSola

Tue Jul 16, 2013 1:16pm EDT
 
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, r.reuters.com/pyq69t)

July 16 (Reuters) - Some U.S. stocks on the move on Tuesday:

WALL ST EXTENDS LOSSES; ENERGY, UTILITIES DRAG

Stocks added to losses, weighed by declines in the energy and utilities sectors. The Dow Jones industrial average was down 0.21 percent. The Standard & Poor's 500 Index was down 0.34 percent. The Nasdaq Composite Index was down 0.29 percent.

** GOLDMAN SACHS GROUP INC, $160.07, down 1.8 pct (1252 ET)

Goldman Sachs on Tuesday said quarterly profit doubled, helped by investment gains and a lower tax rate, but investors fretted that the results would not easily be repeated and sent the bank's shares lower. Investors questioned the bank's ability to generate revenue by investing its own capital under new regulations. The Volcker rule, part of the 2010 Dodd-Frank financial reform law, limits banks' market wagers with their own money.

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