The Observer

Observer news Yellow Pages Classifieds Web
web powered by Web Search Powered by Google
Apr 23, 4:10 PM EDT

A stock rally falters as US earnings disappoint

AP Photo
AP Photo/Richard Drew
Business Video

Latest Market News
How the Dow Jones industrial average did Wednesday

US stocks edge lower after a six-day rise

Skechers and KB Home are big market movers

Zynga founder Pincus leaving operations role

Apple increases stock buyback, will split stock

Facebook 1Q results soar; CFO to step down

CSX railroad expects modest 2014 profit growth

Fund manager Q&A: Expect less from bonds

Buy AP Photo Reprints
Interactives
Greece's Debt Threatens to Spread
State budget
gaps map
Auto industry problems trickle down, punish Tennessee county
Women give old Derby hats a makeover in tough economy
S.C. town deals with highest unemployment in South
How mortgages were bundled and sold as securities
Tracking the $700 billion financial bailout
Tracking the year's job losses
State-by-state foreclosures since 2007
Credit crisis explained
Presidents and their economic legacies
Lexicon of the financial crisis
Americans' addiction to debt
Interactive
Are Stocks Bouncing Back?

NEW YORK (AP) -- The stock market is closing slightly lower as several U.S. companies report disappointing earnings.

The decline broke a six-day winning streak.

Intuitive Surgical dropped 12 percent. The company sold only half has many surgical robots in the last quarter as it did a year ago.

Avery Dennison, Amgen and Norfolk Southern also fell after reporting their results.

Not all the earnings news was bad. Delta Air Lines rose 6 percent after its first-quarter earnings climbed.

The Standard & Poor's 500 index fell four points, or 0.2 percent, to close at 1,875 Wednesday.

The Dow Jones industrial average lost 12 points, or 0.1 percent, to 16,501. The Nasdaq composite fell 34 points, or 0.8 percent, to 4,126.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.69 percent.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.

News
Local / Sports / Business / State / National / Obituaries / Public Notices
Opinion
Editorials / Letters / Guest Columns / Columnists
Features
Outdoors / Ag / Spiritual / Go Magazine / Portraits
Classifieds
Classified Listings / Jobs / Place an Ad
The Observer
About / Contact / Commercial Printing / Subscribe / Terms of Use / Site Map
Also Online
Photo Reprints / Slideshows / Weather and Valley Cam / RSS Feed

© Copyright 2001 - 2009 Western Communications, Inc. All rights reserved. By Using this site you agree to our Terms of Use

LaGrandeObserver.com works best with the latest versions of Mozilla Firefox, Microsoft Internet Explorer or Apple Safari