RPT-Wall St Week Ahead-Union Pacific, other freight co earnings eyed for tariff effects

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    RPT-Wall St Week Ahead-Union Pacific, other freight co earnings eyed for tariff effectsAmong those reporting as the second quarter earnings season kicks off next week are Union Pacific Corp on Thursday and Kansas City Southern on Friday, amid worries that new U.S. import tariffs threatened by the Trump administration could also herald weakening demand for goods movers, including truckers, container companies and package carriers. The S&P 500, which crossed the 3,000 mark for the first time this week, has seesawed between record highs and selloffs in recent months on increasing U.S.-China trade acrimony and concerns about a U.S. economic slowdown. “If these companies come out with reports that confirm people’s concerns about tariffs and inventory build-up, that won’t be good for the market,” said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana.


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