Ryan Christensen, account executive at Adviser Investments, has the market analysis for Tuesday, July 16. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. 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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