Wall Street closed slightly down on Tuesday, since tariff uncertainty was maintained and the actions of consumer and health companies fell, although the encouraging results of the banks provided some support.
The S&P 500 lost 0.17%, to 5,396.60 points, while the Nasdaq Composite dropped 0.05%, to 16,823.17 units and the industrial average Dow Jones fell 0.38%, to 40,368.96 integers.
The quarterly results of companies such as Bank of America and Citigroup promoted the financial ones, which led the S&P 500 sectoral profits.
Even so, bank executives warned that the expenditure of US consumers faces huge risks if the agitation caused by the commercial policy of President Donald Trump continues.
“The profits have been quite good, but this is a market that is simply harassed by tariff and commercial uncertainty, and those are really the only catalysts that import at this time,” said Ross Mayfield, Baird investments strategist.
Johnson & Johnson’s actions fell (-0.47%) after the company did not meet the sales estimates of medical devices, despite exceeding Wall Street forecasts for the income and profits of the first quarter.
Barclays fell on Tuesday the qualification of the US automobile and mobility sector, saying that Trump’s tariffs could press the profits of car manufacturers. Ford actions closed down.
