Dow Jones closed 0.15% lower yesterday on the back of disappointing earnings and the British Parliament rejecting PM Johnson’s rapid timetable for the proposed split.
Download our Gold Prices Q4 Outlook Today!
The insurance company Travelers dragged the index lower after it reported that its earnings fell short of expectations, pushing the stock 8.2% lower on Tuesday. Furthermore, McDonald’s shares slipped more than 5% after its earnings fell short of estimates for the first time in two years.
“Earnings have been mixed, but I still believe they’re going to surprise to the upside,” said Ken Engelke, chief economic strategist at Capitol Securities Management.