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 Earnings are so far better than expected, and the Fed is keeping interest rates low.
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 U.S. stock indexes skidded lower into Tuesday's close, amid negative headlines on Brexit and reports related to President Donald Trump's impeachment inquiry. The Dow Jones Industrial Average closed nearly 40 points, or 0.2%, lower at 26,788, with a post-earnings skid for shares of Travelers Cos. Inc. , off $11.76, or 8.3%, and McDonald's Corp. , down $10.58, or 5%, combining to deliver a 151-put headwind to the blue-chip index. Meanwhile, the S&P 500 index closed down 0.4% at 2,996, slipping below a psychologically significant level at 3,000, while the Nasdaq Composite Index finished 0.7% lower at 8,104. All closing levels are on a preliminary basis. The Wall Street Journal and others reported that U.S. diplomat Kurt Volker told the Ukrainian president he needed to convince Trump he was willing to investigate corruption and alleged Ukrainian 2016 election interference against former Vice President Joe Biden and his son, said the paper, citing people familiar with the former envoy's recent testimony to Congress. The disclosures may intensify the Congressional investigation into allegations that Trump withheld federal funds in exchange for a probe into a political rival. Separately, investors focused on on Brexit after U.K. lawmakers endorsed Prime Minister Boris Johnson's plan to leave the EU but voted against a fast-track plan that would have seen the country leave the trade bloc by Oct. 31, increasing some uncertainty around Brexit.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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IRobot Corp. shares plunged more than 16% in the extended session Tuesday after it beat earnings and revenue expectations but lowered its holiday quarter guidance, citing U.S. tariffs on robotic vacuum cleaners, among other issues. The robot vacuum maker reported fourth-quarter net income of $35.5 million, or $1.24 a share, compared with $31.9 million, or $1.12 a share, in the year-ago period. Revenue rose to $289.4 million from $264.5 million in the year-ago period. Analysts surveyed by FactSet had estimated earnings of 52 cents a share on revenue of $259.4 million. For the fourth quarter, analysts model earnings of $1.03 a share on sales of $444 million. IRobot lowered its full-year guidance to earnings of $2.60 to $2.80 a share on sales of $1.2 billion to $1.21 billion. Previously iRobot had expected full-year earnings of $2.40 to $3.15 a share on sales of $1.2 billion to $1.25 billion. In a statement, iRobot Chief Executive Colin Angle said it lowered guidance because of marketing conditions and the company's plans, which include several strategies to moderate the impact of U.S. tariffs on robotic vacuum cleaners. IRobot stock has fallen 36% this year, with the S&P 500 index rising 20%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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 Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before the Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the first […]
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Astros vs. Nationals: MLB World Series Game 1 odds, prediction, pick, live stream, watch online, TV channel CBSSports.comHouston Astros executive under fire for alleged Roberto Osuna comments aimed at female reporters Fox NewsThe slider could be the most important World Series pitch The Washington PostNats' magical World Series run faces toughest test yet Washington ExaminerTipsheet: Astros, Nationals turn back the clock with great starting pitching STLtoday.comView full coverage on Google News
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The S&P 500 can't achieve new highs without some big help from Amazon, says our call of the day from Peter Garnry, Saxo Bank's head of equity strategy.
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