U.S. stocks are trading near their record highs on Tuesday, as investors digest a mixed set of profit reports. The S&P 500 was marginally lower, down 0.1% in morning trading, while the Dow Jones Industrial Average slid 33 points, also 0.1% lower. The Nasdaq composite experienced a 0.2% dip.
Delivery giant UPS saw its shares tumble 8.1% despite reporting stronger-than-expected profits for the latest quarter. However, the company's revenue fell short of Wall Street estimates, and its forecast for full-year revenue in 2024 was weaker than anticipated. Similarly, Whirlpool shares plunged 6% despite posting better-than-expected profits. Analysts noted that Whirlpool's 2024 revenue forecast of $16.9 billion was approximately $1 billion below market expectations.
