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U.S. shares weaker as earnings news disappoints, weaker dollar

Investing.com -

Investing.com - U.S. shares fell on Tuesday as a weaker dollar ahead and earnings news weighed on sentiment.

The Dow Jones index fell 0.62%, the S&P 500 shed 0.19% and the tech-heavy Nasdaq composite was off 0.10%.

Earlier, Exxon (NYSE:XOM) fell as Q4 earnings were hit by a $2 billion asset impairment charge and Apple (NASDAQ:AAPL) was down ahead of its earning report after the closing bell. CB consumer confidence fell more than expected in January to 111.8, lower than the expected 113.0.

The healthcare sector (SPXHC) rose 0.57 percent after Trump called for easing regulations for drug makers, lowering taxes and prices of medicines. The U.S. dollar index fell 0.82% to 99.60 as concerns over the global trade regime continue with President Donald Trump's administration turning its attention to a perceived weak euro aiding Germany's exports.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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