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Wall Street stocks fall as CSX results signal damage from trade tensions

(Source: Reuters, July 17, 2019)

NEW YORK — U.S. stock indexes fell on Wednesday as weak results from CSX Corp. stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. CSX shares tumbled 10.3%, their biggest one-day drop since 2008, after the rail freight company posted lower-than-expected quarterly profit and cut its full-year revenue forecast. Ongoing trade tensions have contributed to a decline in truck and rail freight volumes in the first half of 2019.

Full story: Reuters

Thursday, July 18, 2019

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