US stocks close lower ahead of Apple earnings

Tuesday, 30. July 2019 22:00

Shares on Wall Street ended the trading session on Tuesday in the red as investors awaited earnings results from Apple. Earlier in the day, Merck & Co., Procter & Gamble, ConocoPhillips and Mastercard reported their quarterly results. Meanwhile, President Donald Trump stated that trade negotiations with China are "going well," while stressing that the final deal will be either "great" or there won't be a deal at all.

Investors also anticipated the monetary policy decision from the Federal Reserve set for tomorrow, with a possible rate cut of 0.25 percentage points widely expected.

The Dow Jones Industrial Average index declined 0.08%, with Pfizer as the worst performer by far.

The S&P 500 lost 0.26%, led by Gartner's decline of 19.02%. The Nasdaq 100 fell 0.48%. JD.com and Workday topped the losers list, 3.09% and 3.07% in the red, respectively.

The euro gained 0.10% against the dollar, going for $1.11561 at 4:00 pm ET.

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Breaking the News / NI