Tuesday saw the Dow Jones Industrial Average decline as investors awaited important corporate earnings announcements, particularly those from well-known tech companies.
The Dow’s 30-stock index dropped 175 points, or 0.4%. The Nasdaq Composite stayed close to the flatline, while the S&P 500 fell 0.2%.
Following full-year forecasts that fell short of the previously established range, Ford Motor fell 8%. Following the announcement of a higher-than-expected decline in global same-store sales, McDonald’s saw minimal change.
These actions follow a successful Wall Street session for the three main indexes. Notably, the tech-heavy Nasdaq recorded its eighth rally of the previous nine sessions, and the blue-chip Dow ended a five-day losing run.
Source (CNBC)
