Hello traders everywhere. The U.S. stock market is posting its most significant decline in 10 weeks after a batch of lackluster earnings reported today. Turmoil over President Trump's tax reform bill has retaken center stage giving traders reason to take pause. Some of the notable earnings today are: AT&T (T) earnings sent the U.S. No. 2 wireless carrier shares down as much as 4.2%, dragging down the S&P 500 index. Boeing (BA) surprised investors by revealing a $329 million charge for its troubled KC-46 aerial refueling tanker program in quarterly results. Its shares fell over 4%. AMD (AMD) shares fell 13% after the chipmaker flagged competitive pressures with a forecast that pointed to a drop in revenue in the fourth quarter from the third. Chipotle (CMG) plunged 15% after the burrito chain posted disappointing sales and earnings. Among gainers was Anthem (ANTM), which rose over 5% after reporting better-than-expected profit. Northrop Grumman (NOC) jumped about 4% before backing off that high after the defense contractor raised full-year profit forecast and reported higher quarterly profit and revenue, boosted by strength in its aerospace business. Key levels to watch this week: S&P 500 (CME:SP500): 2,520.40 Dow (INDEX:DJI): 22,416.00 NASDAQ (NASDAQ:COMP): 6,484.14 Gold (NYMEX:GC.Z17.E): 1,285.30 Crude Oil (NYMEX:CL.X17.E): 51.55 U.S. Dollar (NYBOT:DX.Z17.E): 92.59
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