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Stocks slip on Wall Street over earnings, trade concerns

July 30, 2019

Via: ABC News

U.S. stocks moved slightly lower on Wall Street Tuesday as President Donald Trump ramped up criticism of China just as negotiators began a new round of trade talks.

The latest tweets injected anxiety into the markets in an already busy week. Investors are closely watching the ongoing trade negotiations as well as a heavy flow of corporate earnings. Other key events this week include a Federal Reserve meeting that is expected to result in a rate cut on Wednesday and a government jobs report on Friday.

Technology and health care stocks led the market lower. Apple, which reports its financial results after the market closes Tuesday, fell 0.7%. Pfizer slid 5.1% a day after it announced a deal with Mylan. Capital One fell 7% after reporting a data breach.

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