2023-04-25 12:53:00 ET
Stocks got off to a tough start on Tuesday, as market participants looked closely at the latest slate of earnings results. Although key players in the technology industry will report earnings later this week, some other areas have failed to inspire confidence among those watching stocks. As of shortly before midday, major market benchmarks were down as much as 1%.
Leading the way lower were a couple of megacap companies that are representative of two important industries. United Parcel Service (NYSE: UPS) is a stalwart of the shipping industry, and its numbers say a lot about whether the e-commerce side of the consumer retail economy is firing on all cylinders. Meanwhile, Danaher (NYSE: DHR) gave its reading on the healthcare sector.
Investors weren't happy with either one of these financial reports. Read on to learn why.
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These 2 Large-Cap Laggards Are Leading Markets Lower Tuesday