US Indices end lower, an impact of weak earnings

India Infoline News Service | Mumbai | October 26, 2017 08:43 IST

Wallstreet ends trade in red with disappointment from poor earnings from the corporates

Indian Independence Day_15 Aug 2014

Trading hours of Wednesday ended with US markets closing on a negative note. The dip is a result of disappointment from the weak earnings of Quarter.

US Indices, after the trading hours of Wednesday, posted their biggest decline after two months. The decline came with a series of weak corporate earnings that dampened investor sentiments.

The S&P 500 Index was weighed down by the weak results of Chipotle Mexican Grill Inc and Advanced Micro Devices.

With sentiments being affected negatively, market participants seem to focus on European Central Bank’s policy meeting scheduled for today.

In the meeting, the Central Bank is expected to announce reduction in the size of its monthly bond buying. This may elevate investor sentiments.

 

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