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Tuesday was another disappointing day for U.S. stocks. The S&P 500 again failed to hold 3,000, with an afternoon sell-off driving it below that level. The Dow Jones Industrial Average closed down only modestly, but saw steep declines from components McDonald’s (NYSE:MCD) and Travelers Companies (NYSE:TRV). Source: Shutterstock But for both indices, choppy overall trading
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iQiyi (NASDAQ:IQ) stock is headed downhill further. Management of the Chinese online streaming company gave a very bleak growth outlook during its second-quarter conference call. Moreover, it looks like IQ will continue losing money. That means IQ stock will keep falling. Source: Jarretera / Shutterstock.com To start with, management indicated that revenue would only increase
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A customer pulls into a McDonald’s restaurant in Shepherdsville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Generally, profits are topping expectations by a large margin this earnings season, but there were some notable misses on Tuesday. Some of the largest and most well-known companies in the U.S. — including McDonald’s, UPS and Lockheed Martin
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It was mostly a listless-to-negative day for U.S. stocks as the technology sector faltered, weighing on the major benchmarks. Another delay in the Brexit vote, seemingly a regular occurrence, and data indicating that sales of previously owned U.S. homes fell 2.2% last month were among the headlines hampering equities today. Source: Venturelli Luca / Shutterstock.com
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