Concerns: Trade Concerns

concerns: The following companies cited trade concerns in earnings calls in recent weeks comprise a narrow set of industrial, materials and semiconductor stocks, according to Market Watch. But as second-quarter earnings season unfolds, the number of companies citing trade concerns will be closely watched by investors, and may threaten the broader bull market. And while these new trade barriers have not been enough to stop major indexes the S&P 500 SPX, -0.62% Dow Jones Industrial Average DJIA, -0.25% and Nasdaq Composite Index COMP, -0.74% from reaching new highs, they are of great concern to individual companies that have increasingly cited trade concerns as reason for poor performance in recent weeks. PPG Industries Inc. Chairman and CEO Michael McGarry said in a conference call that the company expects global economy activity to remain sluggish in the third quarter citing regional and country trade disputes as a reason for recent, subdued demand. PPG, 0.44% The paint and coatings supplier beat second-quarter earnings estimates for the second quarter, but fell short of revenue targets, when it announced results on Thursday. (news.financializer.com). As reported in the news.