Morning Report 31 July 19 : Stocks edge lower amidst fading hopes for trade progress

 

US sharemarkets were weaker on Tuesday. US President Donald Trump raised concerns that China appeared not to be delivering on its promise to buy more US agricultural goods. Traders awaited the Federal Reserve decision, Friday's job report and earnings data from Apple. Shares in Under Armour slumped 12.2% after earnings figures disappointed. But shares in Proctor & Gamble rose 3.8% on its earnings report. After being down 151 points, the Dow Jones ended lower by 23 points or 0.1%. The S&P500 was down by 0.3% and the Nasdaq lost 20 points or 0.2%.

 

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