Wall Street treads water as Boeing, GM results keep tariffs in focus
Updated : July 26, 2018 06:28 AM IST
GM, Coca-Cola and other companies said the ongoing tariff disputes would hurt results, keeping investors squarely focused on trade tensions ahead of a meeting between US and European Commission presidents.
Boeing slipped 2.7 percent and weighed on the Dow Jones Industrial Average index after the planemaker maintained its full-year core earnings forecast, but below Street expectations.
General Motors fell 7 percent after the automaker cut its 2018 profit forecast, citing rising steel and aluminum costs due to tariffs. Ford dipped 3.8 percent ahead of results after the bell.
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