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Economy

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.
Wall Street treads water as Boeing, GM results keep tariffs in focus
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