Dow Ends Day Down 41
S&P 500, Nasdaq also down
By Newser Editors and Wire Services
Posted Oct 27, 2015 3:18 PM CDT
In this Oct. 2, 2015 file photo, traders Edward Curran, left, and Robert Arciero work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

(Newser) – Stocks are closing lower after several US companies delivered disappointing results and forecasts. The Dow Jones industrial average slipped 41 points, or 0.2%, to 17,581 Tuesday. The Standard & Poor's 500 index fell five points, or 0.3%, to 2,065. The Nasdaq composite fell four points, or 0.1%, to 5,030.

Energy stocks fell more than the rest of the market Tuesday as the price of crude oil dropped to its lowest level since August. UPS was off 3% after the package delivery company reported revenue that fell short of analysts' estimates. Cummins slumped 9% after the engine maker's earnings results didn't match forecasts. The company also cut its revenue outlook. Bond prices rose. The yield on the 10-year Treasury note fell to 2.03%.
 

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