Stocks move lower after Trump's China comments - Fox Business

articleInvestors have a full plate of events and data to review that will move the markets on Tuesday.The Federal Reserve begins its two-day policy meeting in which it is being widely anticipated by economists that the central bank will cut interest rates for the first time in a decade.MORE FROM FOXBUSINESS.COMU.S. and China were heading into another round of trade negotiations Tuesday in Shanghai.Stocks moved lower following President Trump's comments warning China that a much tougher trade deal would be coming if he gets reelected.Investors are hoping Beijing and Washington will avoid another escalation in tariffs like the one that occurred after talks collapsed in May.TickerSecurityLastChange%ChgI:DJIDOW JONES AVERAGES27193.4-27.95-0.10%SP500S&P 5003009.78-11.19-0.37%I:COMPNASDAQ COMPOSITE INDEX8258.569764-34.76-0.42%Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer will meet on Tuesday and Wednesday in Shanghai with a delegation led by China's economy czar, Vice Premier Liu He.Shares of Capital One Financial fell as investors worried about its management of customer data after the credit-card issuer said information for 106 million people had been compromised.It’s a busy day for earnings with three Dow members posting results: Merck and Procter & Gamble in the morning, and then Tuesday’s star attraction, Apple, after the closing bell.CLICK HERE TO GET THE FOX BUSINESS APPShares of Merck & Co moved higher after the company reported higher-than-expected second-quarter profit, powered by strong demand for its cancer immunotherapy Keytruda and vaccines.Procter & Gamble's quarterly revenue and profit beat Wall Street expectations, boosted by price hikes and strong demand for its beauty products such as Olay. Shares gained on the news.Beyond Meat's shares tumbled on plans for another stock offering just three months after its IPO while demand for its plant-based burgers and sausages prompted an increase in its full-year sales forecast.TickerSecurityLastChange%ChgCOFCAPITAL ONE FINANCIAL CORP.89.32-7.60-7.84%BYNDBEYOND MEAT INC.198.51-23.62-10.63%MRKMERCK & CO. INC.83.28+0.79+0.96%PGPROCTER & GAMBLE COMPANY120.73+4.73+4.08%AAPLAPPLE INC.207.48-2.20-1.05%In economic news,  the leading measure of U.S. home prices saw annual gains slip in May to 3.4 percent. According to the S&P Corelogic Case-Shiller report, the 20-City Composite reported a 0.6 percent increase for the month.Contracts to buy previously owned homes rose more than expected in June, the National Association of Realtors said on Tuesday. The pending home sales index rose to a reading of 108.3 last month, up 2.8 percent from the prior month.
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