Stocks are trading higher on Tuesday following mixed earnings results.
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Xerox shares are rising in premarket trading after beating profit estimates, while shares of Pfizer and Harley-Davidson fell.
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In a potential setback to the progress in U.S-China trade talks, the U.S. Justice Department brought charges against China’s telecom giant Huawei days before a high-level meeting between the two countries in Washington, aimed at easing the tariff war.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 24645.45 | +117.23 | +0.48% |
| SP500 | S&P 500 | 2645.29 | +1.44 | +0.05% |
| I:COMP | NASDAQ COMPOSITE INDEX | 7082.2546 | -3.43 | -0.05% |
The Federal Reserve begins a two-day meeting on interest rates on Tuesday.
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Shares of Pfizer fell after the drugmaker forecast full-year revenue below analysts’ estimate.
Harley-Davidson dropped after the motorcycle maker reported a lower-than-expected quarterly profit, hit by declining sales in the United States.
PG&E shares plunged after the nation’s largest utility filed for voluntary Chapter 11 bankruptcy protection.
| Ticker | Security | Last | Change | %Chg |
|---|---|---|---|---|
| XRX | XEROX CORP. | 25.89 | +1.59 | +6.54% |
| PFE | PFIZER INC. | 39.89 | +0.36 | +0.91% |
| PCG | PG & E CORP. | 12.69 | +0.68 | +5.64% |
| VZ | VERIZON COMMUNICATIONS INC. | 53.24 | -1.83 | -3.32% |
| HOG | HARLEY DAVIDSON | 34.21 | -2.40 | -6.56% |
In Asian markets on Tuesday, China’s Shanghai Composite ended the session roughly flat.
Hong Kong’s Hang Seng index settled 0.2 percent lower.
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Japan’s Nikkei average ended the day up less than 0.1 percent.
European markets are trading higher. London’s FTSE jumped 1.3 percent, Germany’s DAX added 0.2 percent and France’s CAC gained 1 percent.
