Google's parent company and other tech stocks are weighing on a mixed Wall Street Wednesday as the focus swings back toward how much profit businesses are making. The S&P 500 was 0.3% lower in morning trading,

However, the stock market shifted into a higher gear in November after Donald Trump emerged as the victor on election night. While it's crystal clear that Wall Street loves President Trump, an inherited risk threatens to send the Dow Jones, S&P 500, and Nasdaq Composite tumbling.

An eleventh-hour deal achieved President Trump's political aims, but Wall Street remains concerned that tariffs will become a permanent threat in negotiations.