The Dow fell more than 1% on Tuesday after Goldman Sachs' earnings report fell short of expectations.

(Reuters)

[Instant News/Comprehensive Report] Affected by Goldman Sachs' earnings report, the Dow Jones Index fell by more than 1% on Tuesday, while the rise in Tesla's stock price drove the Nasdaq Index to rise.

According to comprehensive media reports, Tesla’s retail sales increased significantly due to price cuts in North America, China and other regions. The stock price rose by 7.43% on Tuesday, boosting the momentum of growth stocks. However, Goldman Sachs announced that its net profit fell more than expected. It fell 6.44%, dragging down the performance of the Dow Jones index.

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On the data front, manufacturing in New York state contracted sharply in January due to a sharp drop in orders and stagnant job growth, also symbolizing continued weakness in national manufacturing activity and fueling fears of a recession.

In terms of ADR of Taiwan stocks, TSMC's ADR rose by 2.52%, ASE's ADR rose by 0.85%, and UMC's ADR rose by 2.00%.

The Dow fell 391.76 points, or 1.14%, to close at 33,910.85.

The Nasdaq rose 15.96 points, or 0.14%, to close at 11,095.11.

The S&P 500 fell 8.12 points, or 0.2%, to close at 3,990.97.

The Philadelphia Semiconductor Index rose 6.82 points, or 0.24%, to close at 2,807.48.

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