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Wall Street set to open slightly lower on tepid earnings, policy gridlock

Stocks lowered due to concerns over President Donald Trump's pro-growth policies


US stocks looked set to open slightly lower on Tuesday, weighed down by earnings reports from some big names and concerns over President Donald Trump's ability to push through his pro-growth policies. Shares of Bank of America slipped 0.3 per cent, while Goldman Sachs was down 1.2 per cent after reporting quarterly results. Last week, shares of JPMorgan, Wells Fargo and Citigroup had taken a beating after their quarterly results and forecasts failed to excite investors. Harley-Davidson slumped 9.6 percent after the motorcycle maker cut its 2017 shipments forecast. The ...

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First Published: Tue, July 18 2017. 20:55 IST