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Earnings

Wall Street slips as bank earnings, Trump trade comments weigh

Updated : July 17, 2019 06:27 AM IST

JPMorgan Chase & Co and Wells Fargo & Co beat quarterly profit estimates but reported weaker net interest income, pointing to rising deposit costs.
Stocks also moved lower after Trump said there was a long way to go with China on trade and threatened to put tariffs on another $325 billion of Chinese goods.
The Dow Jones Industrial Average fell 23.53 points, or 0.09 percent, to 27,335.63, the S&P 500 lost 10.26 points, or 0.34 percent, to 3,004.04 and the Nasdaq Composite dropped 35.39 points, or 0.43 percent, to 8,222.80.
Wall Street slips as bank earnings, Trump trade comments weigh
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