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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