Kate Austin, equity research analyst at Adviser Investments, has the market analysis for Wednesday, July 17. Major U.S. stock indexes declined, with the Dow Jones Industrial Average down 0.4%, the S&P dropping 0.7% and the NASDAQ Composite off 0.5%. Railroad company CSX missed revenue and earnings targets as a result of trade tensions and lower shipping volumes, sending its stock down more than 10% and weighing on other railroad companies. In the skies, increased demand sent United Airlines’ second-quarter profits up over 50% from last year—the stock was up only about 1% on the news.
