Dow Drops 105
S&P 500, Nasdaq also fall
By Newser Editors and Wire Services
Posted Nov 1, 2016 3:11 PM CDT
Trader Jonathan Corpina works on the floor of the New York Stock Exchange, Tuesday, Nov. 1, 2016.   (AP Photo/Richard Drew)

(Newser) – Stocks are ending slightly lower on Wall Street as investors continue to monitor the run-up to the US presidential election, the AP reports. Earnings were also in focus on Tuesday, and several companies fell after releasing disappointing results or forecasts. Pitney Bowes slumped 19% after its earnings fell short of analysts' estimates, and drugmaker Pfizer fell 2% after its own results didn't meet expectations. The China business of Yum Brands, parent company of KFC and Taco Bell, rose 8% on its first day of trading. The Dow Jones industrial average fell 105 points, or 0.6%, to 18,037. The Standard & Poor's 500 index lost 14 points, or 0.7%, to 2,111. The Nasdaq composite declined 35 points, or 0.7%, to 5,153.

 

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