New York, July 22, 2025 (AFP) - S&P 500 falls from record as industrial shares retreat

NAMPA / AFP

2025-07-22

Major US equity indices retreated from records early Tuesday after shares of several large industrial companies fell following earnings reports. General Motors sank 6.5 percent after it reported lower quarterly profits following a $1.1 billion tariff hit, while Lockheed Martin tumbled 7.2 percent after its results were dented by around $1.7 billion in one-time costs. CFRA Research's Sam Stovall said investors have high expectations for results in......

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