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.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more