US stocks falter as some earnings disappoint
- Associated Press
- May 8, 2014 - 3:15 PM
NEW YORK — Stocks are ending mostly lower after some companies disappointed investors with their quarterly results.
Tesla Motors fell 11 percent after the electric car maker reported a $49.8 million loss.
Indexes gave up early gains and ended the day lower.
The Standard & Poor's 500 index fell 2 points, or 0.1 percent, to 1,875 Thursday. Energy and utilities stocks fell the most.
The Dow Jones industrial average edged up 32 points, or 0.2 percent, to 16,550. The Nasdaq composite lost 16 points, or 0.4 percent, to 4,051.
Twenty-First Century Fox rose 6 percent after its results beat analysts' estimates thanks to higher advertising sales and a popular Super Bowl.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.61 percent from 2.59 percent.
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