AM Report 20 Jul 18: Markets lower on Trump FED criticism, miners lower and earnings

US sharemarkets declined on Thursday after President Trump's criticism of the US Federal Reserve and some disappointing earnings results. Shares of eBay fell by 10.1% on investor concerns over its revenue and guidance. American Express (-2.7%) reported rising expenses associated with its rewards program. Shares of Travelers Companies fell by 3.7% on storm-related losses, while Bank of New York Mellon (-5.2%) confirmed client losses will hurt results. IBM shares rose by 3.3% as new business boosted profits. The Dow Jones index fell by 134 points or 0.5%, the S&P 500 index fell by 0.4% and the Nasdaq index fell by 29 points or 0.4%. 

 

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