Wall Street rally stalls on Boeing slide, earnings jitters

📆 08/04/2019 20:13:00
📰 ChannelNewsAsia

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U.S. stocks were lower on Monday, following the S&P 500's seven-day winning streak, as Boeing fell and investors braced for what could be the ...

REUTERS: U.S. stocks were lower on Monday, following the S&P 500's seven-day winning streak, as Boeing fell and investors braced for what could be the first decline in corporate earnings since 2016.

However, lowered earnings expectations and worries about an economic slowdown are starting to dampen investor enthusiasm. The S&P 500 is trading 16.7 times its next 12-month earnings estimate, up from 14.6 times during the peak of December sell-off but below the 17.3 times at its record high hit in late September.

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