US stocks mostly lower on lackluster data, earnings

GMT 22:49 2014 Tuesday ,04 November

Arab Today, arab today US stocks mostly lower on lackluster data, earnings

New York Stock Exchange
New York - AFP

Wall Street stocks finished mostly lower Tuesday following lackluster US economic data and some disappointing earnings reports.
At the closing bell, the Dow Jones Industrial Average stood at 17,381.01, up 14.77 points (0.09 percent).
The broad-based S&P 500 dropped 5.85 (0.29 percent) to 2,011.96, while the tech-rich Nasdaq Composite Index fell 15.27 (0.33 percent) to 4,623.64.
New orders for US manufactured goods dropped $2.8 billion, or 0.6 percent, to $499.4 billion in September, the Commerce Department reported.
The US trade deficit widened in September to $43.0 billion as exports slowed and imports remained flat from the previous month.
Sprint sank 16.5 percent after it announced it was slashing 2,000 jobs after reporting a $765 million loss in its fiscal second quarter.
Priceline tumbled 8.4 percent as it forecast fourth-quarter earnings of $9.40-$10.10 per share, well below the $10.91 projected by analysts.


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