MARKET PULSE-Goldman Sachs, Coca-Cola, Ford, Tesla, Addus, ReneSola
July 16 (Reuters) - Some U.S. stocks on the move on Tuesday:
WALL ST SAGS AS COMMODITY SHARES, UTILITIES WEIGH
U.S. stocks slipped on Tuesday as investor caution took hold on the day before the Federal Reserve chairman's congressional testimony, while losses in commodity shares and utilities weighed on major indexes. The Dow Jones Industrial Average was down 0.40 percent. The Standard & Poor's 500 Index lost 0.59 percent and the Nasdaq Composite Index fell 0.43 percent.
** GOLDMAN SACHS GROUP INC, $160.23, down 1.6 pct (1347 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.