The S&P and Nasdaq closed lower for a second straight day
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| | 7/30/2019 | |
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Trade Tweets, Pfizer Drag On Dow | By Karee Venema | | The Dow spent almost the whole session in the red, as troubling trade tweets from President Donald Trump and a sharp sell-off for newly downgraded Pfizer (PFE) overshadowed positive earnings reactions for blue chips Procter & Gamble (PG) and Merck (MRK). This risk-off backdrop was seen on the S&P and Nasdaq, too, which both closed lower for a second straight session. Losses were modest, though, as traders digested a round of economic data ahead of tomorrow's Fed decision, including a tame update on inflation. Continue reading for more on today's market, including: | >> Continue reading... | |
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