US stocks hang around their records as GM and others show how tariffs are impacting them
Wall Street is hanging around its records following some mixed profit reports, as General Motors and other big U.S. companies give updates on how much President Donald Trump’s tariffs are hurting or helping them. The S&P 500 was virtually unchanged Tuesday, a day after inching to its latest all-time high. The Dow Jones Industrial Average added 28 points, and the Nasdaq composite slipped 0.1% from its own record. General Motors fell despite reporting a stronger profit than expected, as it still sees a $4 billion to $5 billion hit this year because of tariffs. Homebuilders soared following their better-than-forecast reports.