US stocks fall amid anticipation of corporate earnings season

Economies.com
2020-07-14 14:25PM UTC

Most of the US stock indices fell on Tuesday, amid anticipation for the corporate earnings season for the second quarter.

 

Wall Street since yesterday has been weighed down by the spike in the coronavirus infections and concerns over the the reimposing of the public lockdown restrictions, especially in the US, after infections exceeded 3 million cases.

 

California started closing indoor operations at restaurants, movie theaters and bars in all counties due to the spike of coronavirus infections.

 

Data showed today US CPI rose 0.6% in June, beating economists' forecasts of 0.5%.

 

As for stocks, Dow Jones rose 0.3% or 80 points to 26,165 as of 14:22 GMT, Nasdaq fell 1.3% or 135 points to 10,260, and S&P 500 slipped 0.3% or 10 points to 3,145.

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