Harley-Davidson Impacted by Soft U.S. Sales, Recall Costs
Adviser Investments’ Chief Investment Officer Jim Lowell has the market analysis for Tuesday, January 29. Major U.S. stockA financial instrument giving the holder a proportion of the ownership and earnings of a company. indexes saw minimal movement and mixed results today, with the Dow Jones Industrial Average up 0.2%, and the S&P 500 and NASDAQ declining 0.1% and 0.8%, respectively. Meanwhile, Apple’s stock rose 5% in after-hours trading despite the company’s disappointing first-quarter earnings report. Apple’s quarterly revenue fell 5% year-over-year mainly due to weakness in China, and the company also missed earnings forecasts and set lower revenue expectations for the second quarter. Harley-Davidson’s stock fell more than 5% after soft U.S. sales and recall costs contributed to the company’s 64% year-over-year earnings per share decline.