Enthusiasm about the Trump-Xi meeting faded as the day went on Monday.
 | MON, JUL 01, 2019 | | | | DOW | | NAME | LAST | CHG | %CHG | | CSCO | 54.74 | +0.01 | +0.02% | | AAPL | 201.55 | +3.63 | +1.83% | | INTC | 48.05 | +0.18 | +0.38% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AMD | 31.20 | +0.83 | +2.73% | | MU | 40.11 | +1.52 | +3.94% | | BAC | 29.42 | +0.42 | +1.45% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AMD | 31.20 | +0.83 | +2.73% | | MU | 40.11 | +1.52 | +3.94% | | CSCO | 54.74 | +0.01 | +0.02% | |
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After the best June and best first half to a year in decades for markets, the Trump administration better realize it will take more than just a trade ceasefire with China to keep shares prices going higher in the second half. Stocks rolled over on Monday as investors realized there was not a framework to deal talks out of the G20 meeting between Trump and Xi and so the same risk of surprise tariffs or a sudden breakdown in talks likely remains.
Those trade talks better hurry as an ugly earnings picture is likely to steal the focus of traders later this month. Companies are warning that second-quarter results were not good at an unusual pace and the rest of the year may not be so great either with the trade uncertainty still hanging over business confidence, Jeff Cox reports.  "Ahead of a season that starts in earnest the week of July 15, 77% of the 113 companies that have issued earnings per share guidance have warned that their numbers will be worse than what Wall Street analysts are estimating, according to FactSet," writes Cox.
The number of negative forecasts from technology and consumer discretionary companies are unusually large, the data shows.
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