U.S. stocks joined a global sell-off as the inauguration of Barack Obama as U.S. President failed to undue worries about the banking sector and corporate profits.
Johnson & Johnson's full-year outlook fell shy of analysts expectations.
State Street, the world's largest money manager for institutions, announced a big drop in quarterly earnings.
The United Kingdom stepped-up to the plate by giving its banking sector another multi-billion pound cash infusion, highlighting the continued difficulties facing banks around the world.
Chrysler and Italy's Fiat announced partnership.
Conway Gittens reports in New York.
