US stocks drift in early trading as CEOs cite uncertainty caused by Trump’s trade war

News Snapshot:

NEW YORK (AP) — U.S. stocks are drifting in mixed trading as stronger-than-expected profits keep piling higher for companies, while CEOs also say they’re unsure how long that can last because of uncertainty around President Donald Trump’s trade war. The S&P 500 was 0.3% lower early Tuesday. The Dow Jones Industrial Average was up 48 points, and the Nasdaq composite was down 0.4%. UPS said it wouldn’t update its forecasts because of “macro-economic uncertainty.” Investors fear Trump’s tariffs could cause a recession by sending prices higher, but the erratic way they’re being rolled out is also causing confusion among businesses...