S&P 500 drifts near flat as earnings worries weigh

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U.S. stock futures fell on Tuesday as investors worried over a hit to earnings from the prolonged U.S.-China trade war and receding hopes of a ...

NEW YORK: U.S. stocks were near flat on Tuesday as gains in internet shares were offset by fresh warnings from companies about the impact of the U.S.-China trade dispute on earnings.

Investors also braced for remarks this week from Federal Reserve Chairman Jerome Powell during his two-day testimony before Congress, which starts on Wednesday. Also due on Wednesday is the central bank's June policy meeting minutes. The Dow Jones Industrial Average fell 80.98 points, or 0.3per cent, to 26,725.16, the S&P 500 lost 2.77 points, or 0.09per cent, to 2,973.18 and the Nasdaq Composite added 27.72 points, or 0.34per cent, to 8,126.10.

 

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