Goldman Sachs share-price decline in line to cost the Dow 100 points at open

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Shares of Goldman Sachs Group Inc. GS, -2.52% sank 4.2% in premarket trading Tuesday, putting them on track to open at a six-month low, after the bank and broker reported fourth-quarter profit that fell well short of expectations. The stock was by far the biggest drag on the Dow Jones Industrial Average DJIA, -0.56%. The implied price decline would shave about 105 points off the Dow’s price, while Dow futures YM00, -0.82% slid 307 points or 0.9%. The next biggest drag on the Dow is Microsoft Corp.’s stock MSFT, +1.77%, which slumped 1.4% after announcing a $68.7 billion deal to buy Activision Blizzard Inc. ATVI, +1.90%, with the implied price decline taking about 29 points off the Dow’s price.

This article was originally published by Marketwatch.com. Read the original article here.

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