Wall Street declines on corporate earnings

US stock indices declined during Wednesday’s trading as markets continued to digest a fresh round of corporate earnings reports.

Several Wall Street banks reported their quarterly results for the final quarter of 2025 on Wednesday, including Goldman Sachs, Wells Fargo, and Bank of America.

Separately, Philadelphia Fed President Anna Paulson said on Wednesday that she expects further interest rate cuts later this year, provided the economy continues to follow its expected path.

In trading, the Dow Jones Industrial Average fell by 0.5%, or about 225 points, to 48,966 as of 16:19 GMT. The broader S&P 500 declined by 0.9%, or 65 points, to 6,899, while the Nasdaq Composite dropped by 1.5%, or 352 points, to 23,355.