The US markets were closed on a dull note

[gnutrade.satya]

The US markets were closed on a dull note as disappointing results from Goldman Sachs and Wells Fargo put a damper on the rally. The Nasdaq fell as more disappointment in earnings came from chipmaker Cree Inc.
Financial and technology stocks have been driving the surge that has pushed the benchmark index up nearly 10 percent since the start of December, which some investors believe has stocks primed for a pullback.
Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont said: "Even stocks here that are beating expectations are not acting favorably so (for) the market, it may be time for a pause, and that may be what we are seeing here."