Wall Street was on track to open with losses Tuesday as the initial euphoria over the 90-day truce in the U.S.-China trade war faded and markets turned their attention to corporate earnings and new inflation data, according to the Associated Press. Futures for the S&P 500 slipped 0.2%, while futures for the Dow Jones Industrial Average fell 0.6%, and Nasdaq futures ticked down just 0.1%.
UnitedHealth Group shares tumbled more than 10% after it suspended its full-year financial forecast due to higher-than-expected medical costs. The nation’s largest health insurer also announced that CEO Andrew Witty was stepping down for personal reasons and that Chairman Stephen Hemsley will become CEO, effective immediately.
Boeing shares got a small boost on media reports that China had lifted a ban on airlines there taking deliveries of the U.S. aerospace giant’s planes. According to reports, China removed those obstacles as part of Monday’s trade truce with the U.S. Boeing shares rose close to 2% in premarket trading Tuesday.
In energy trading, U.S. benchmark crude oil added 64 cents to $62.59 per barrel. Brent crude, the international standard, gained 60 cents to $65.56 per barrel.
