Wall Street edges higher as upbeat earnings dampened by trade, shutdown woes
Updated : January 24, 2019 06:12 AM IST
Investor sentiment was dampened by reports that business leaders gathered at the World Economic Forum in Davos, Switzerland, were losing confidence in President Donald Trump's policies that have resulted in the prolonged US-China trade stand-off.
The United States could see zero growth in the first quarter if the shutdown extends through March, according to White House economic adviser Kevin Hassett on Wednesday.
Shares of Tesla Inc dropped 3.8 percent after the electric automaker said it was reducing production hours for higher-priced Model S and Model X cars, days after announcing job cuts.
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