Investing.com - The Dow trended weaker at the U.S. close with sentiment mixed as the longer-term promise of tax cuts and higher federal spending is offset by political risk concerns.
A series of diplomatic snafus by the Trump administration are worrying some in the market.
The Dow Jones eased 0.04%, while the S&P 500 dipped 0.02% and the Nasdaq Composite fell 0.15%.
In company news, Philip Morris International (NYSE:PM) beat Wall Street expectations, showing revenue rose 9.1% in the latest quarter and Ralph Lauren (NYSE:RL) delivered disappointing quarterly results and announced the chief executive will step down after less than two years at the helm of the company.
Elsewhere, shares of Deutsche Bank (DE:DBKGn) dropped after the German bank posted a $2 billion loss on legal costs and shares of Mead Johnson Nutrition jumped 22% after Reckitt Benckiser Group confirmed it is in talks to buy the baby-food maker.
On the horizon, Amazon.com (NASDAQ:AMZN) and Chipotle Mexican Grill (NYSE:CMG) will report after the close.