(Reuters) – The New York Stock Exchange opened lower on Tuesday as investors digested earnings releases from several key companies before the bell.
In early trading, the Dow Jones index lost 116.12 points, or 0.27%, to 42,815.48 points and the broader Standard & Poor’s 500 fell 0.42% to 5,829.61 points.
The Nasdaq Composite lost 0.45% or 82.71 points, to 18,457.30 points.
A burst of corporate results was released before the bell, showing a mixed record: Danaher, 3M, Philip Morris, Lockheed Martin and General Motors beat expectations, although the latter appeared to be vulnerable to China, while Verizon, Sherwin-Williams and GE Aerospace missed their respective consensuses.
The eyes of the markets are also on the annual meetings of the World Bank and the International Monetary Fund, during which the IMF announced raising its growth forecasts for the United States, the United Kingdom and France in 2024, all by lowering those of China, Germany and the euro zone.
Furthermore, the race for the American presidency, which promises to be increasingly tight, as well as the conflict in the Middle East, continue to weigh on sentiment.
In terms of values, Verizon, Danaher, GE Aerospace, Lockheed Martin, Moody’s and Sherwin-Williams fell between 2% and 5.3% after the publication of their results.
3M and General Motors, on the other hand, climbed 4.2% and 4.5%, respectively.
*For values ​​to track, click
(Written by Pauline Foret, edited by Augustin Turpin)
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