On Tuesday, U.S. stocks experienced fluctuations, oscillating between minor gains and losses. This came after a notable performance the previous day when both the S&P 500 and the Nasdaq achieved record-high closings. Investors are closely watching developments in trade tariffs and analyzing the latest corporate earnings reports. The United States is actively engaged in trade talks with major partners. Notably, Treasury Secretary Bessent has announced plans to meet with Chinese officials next week, raising expectations that the deadline of August 12th regarding China might be extended. Additionally, the White House indicated that it might issue further unilateral tariff announcements or finalize additional trade agreements before the August 1st deadline.
In terms of corporate earnings, Coca-Cola saw a decline of 1.6%, even though it surpassed expectations in both earnings and revenue figures. Meanwhile, Philip Morris experienced a significant drop of 9.5% following disappointing revenue results. Lockheed Martin's shares fell more than 8% after failing to meet earnings and revenue expectations, and General Motors declined by 5.5% after cautioning about a greater impact from tariffs in the second half of the year. Conversely, Danaher performed well, climbing 2.6%, as its earnings exceeded forecasts.
