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Wall Street falls as earnings kicks into high gear

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Reuters

By Shreyashi Sanyal and Johann M Cherian (Reuters) – U.S. stock indexes fell on Tuesday after industry bellwethers 3M, Johnson & Johnson, and GE beat expectations for profit but warned of a challenging year ahead. The fourth-quarter earnings season is keenly watched as companies are expected to feel the full impact of the Federal Reserve’s rate-hike campaign. The central bank is widely expected to raise rates by another quarter of a percentage point next week. Industrial conglomerate 3M Co fell 5.9%, leading the decliners among Dow components after reporting a fall in quarterly profit. Verizon…

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