In light of the impending Federal Reserve policy meeting, stocks fell on Tuesday as investors examined the most recent company earnings. Awaiting news from big IT companies was another expectation for traders.
Trading slightly below the flatline was the S&P 500 and Dow Jones Industrial Average. Lower by 0.1% was the Nasdaq Composite.
Following the automaker’s better-than-expected earnings report, shares of General Motors surged by 9%. Sanmina, an electronics producer, surged more than 30% after revealing good profits per share and current-quarter guidance, while cybersecurity stock F5 rose 2% on the basis of a better-than-expected financial report.
Home appliance manufacturer Whirlpool lost more than 5% of its value after disclosing a lower-than-anticipated forecast for the entire year. Even after revealing better-than-expected statistics, JetBlue saw a 5% decline.
Source (CNBC)
