Domino's: Victim of Its Own Sucess?

Domino’s: Victim of Its Own Success?

Ryan Christensen, account executive at Adviser Investments, has the market analysis for Tuesday, July 16. Major U.S. stock indexes declined in response to President Trump’s trade-negotiation update. The Dow Jones Industrial Average, S&P 500 and NASDAQ Composite slipped 0.1%, 0.3% and 0.4%, respectively. In earnings news, although JPMorgan Chase, Goldman Sachs and Wells Fargo met quarterly sales and profit expectations, all three banks noted that Federal Reserve policy comments are negatively impacting near-term results. Meanwhile, Domino’s plunged nearly 9% after the pizza maker fell short of its second-quarter sales estimate, reporting its lowest quarterly revenue increase since 2012.

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