Economics

Stocks Edge Lower as Tech Weighs; Treasuries Rise: Markets Wrap

Earnings roll in before U.S.-China talks restart, jobs data
Fed seen cutting rates this week as BOJ, BOE also set policy

Jeremy Siegel, professor at the Wharton School of the University of Pennsylvania, discusses U.S. stocks.

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By Randall Jensen and Vildana Hajric

July 28, 2019 at 9:52 PM UTC

Updated on

July 29, 2019 at 8:33 PM UTC

This article is for subscribers only.

U.S. equities edged lower as tech heavyweights weighed on benchmarks, while Treasuries gained ahead of the Federal Reserve’s meeting. The pound tumbled more than 1%.

The S&P 500 Index fell for the second time in three sessions after reaching a record Friday as Amazon Inc., Facebook Inc., Alphabet Inc. and Netflix Inc. all slid. Apple Inc. gained ahead of its earnings announcement Tuesday, helping to lift the Dow Jones Industrial Average. Drug companies got a boost from surging Mylan NV after the generic drugmaker and Pfizer Inc. announced merger plans.