The 30-stock index tumbled 391.76 points, or 1.1%, to adjourn Tuesday at 33,910.85, dragged down by a drop in Goldman Sachs shares.
The S&P 500 fell back 8.12 points to 3,990.97.
The NASDAQ Composite Index managed some dignity, prospering 15.96 points to 11,095.11.
Goldman slid 6.4% after the bank reported its worst earnings miss in a decade for the fourth quarter. Its results were pressured by declines in investment banking and asset management revenues. Meanwhile, rival Morgan Stanley posted better-than-expected numbers, thanks in part to record wealth management revenue. Its shares jumped 5.91%.
Those results came after other major banks such as JPMorgan and Citigroup reported mixed quarterly results.
About 7% of S&P 500 earnings have reported earnings through Tuesday morning, according to FactSet. Of those companies 70% have beaten expectations. United Airlines will report its quarterly results after the bell.
Year-to-date, NASDAQ is leading the way up 6%, as investors buy beat-up technology shares amid rising hopes of an improving landscape for growth stocks. The S&P 500 has moved up 4%, and Dow has advanced 2.3%, since the start of the year.
Markets were shuttered Monday for Martin Luther King Day.
Prices for the 10-year Treasury were lower, raising yields to 3.55% from Friday’s 3.51%. Treasury prices and yields move in opposite directions.
Oil prices $1.17 to $81.03 U.S. a barrel.
Gold prices dipped $10.50 to $1,911.20 U.S. an ounce.