CSX Drops on Disappointing Earnings

CSX Drops on Disappointing Earnings

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.

Recent Videos

View All Videos

Lowell on CNBC: Nervous Markets Call for a Balanced, Disciplined Investment Approach

Lowell on CNBC: Perspective on Dow’s 800-Point Drop

Stock Indexes Decline 3% but Long-Term Prospects Remain Strong

Lowell on CNBC: Current Market Offers Long-Term Opportunity

85 Wells Avenue, Suite 109 Newton, MA, 02459

info@adviserinvestments.com 1.800.492.6868

Adviser Investments' logo is a registered trademark of Adviser Investments, LLC.