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Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixed

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Asian stocks are lower as markets digest Japanese and Australian business data, while U.S. stocks held relatively steady as earnings reporting season ramped up for big companies. U.S. futures fell while oil prices were higher. The S&P 500 fell 0.2% Tuesday. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite edged down 0.1%.

Stock market today: Asian stocks fall after a torrent of profit reports leaves Wall Street mixedElsewhere in Asia, Hong Kong’s Hang Seng lost 1.1% to 17,320.49, led by the Hang Seng Tech Index which sank 1.6%. The Shanghai Composite shed 0.5% to 2,901.95.

South Korea’s Kospi dropped 0.6% to 2,758.71, as heavyweight Samsung Electronics plunged 2.2% after talks between the company and its largest workers’ union ended with no agreement. Earlier this month, the workers declared an indefiniteOn Tuesday, the S&P 500 slipped 0.2% to 5,555.74. The Dow Jones Industrial Average edged 0.1% lower to 40,358.09, and the Nasdaq composite dipped 0.1% to 17,997.35.

UPS was one of the heaviest weights on the S&P 500 and tumbled 12.1% after delivering weaker profit and revenue for the spring than analysts expected.was the stock most forcefully pushing downward on the S&P 500. Its loss of 0.8% for the day was relatively modest, but the S&P 500 gives more weight to bigger stocks, and Nvidia is worth more than $3 trillion.by even more in June than economists expected.

 

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