Dow Falls 51 on Housing

Coca-Cola, DuPont earnings disappoint
By Nick McMaster,  Newser Staff
Posted Oct 20, 2009 3:19 PM CDT
Specialists Michael Gagliano, left, and Jeffrey Reymann work at a post on the floor of the New York Stock Exchange Tuesday, Oct. 20, 2009.   (AP Photo/Richard Drew)
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(Newser) – Stocks fell today on disappointing earnings and a poor housing report. The market got off to a weak start when numbers on new-home construction were weaker than expected. Poor earnings reports from DuPont and Coca-Cola didn’t help, though Caterpillar, which posted a less severe profit drop than expected, boosted the Dow with a 3.4% gain. The Dow lost 51 points to close at 10,041. The Nasdaq fell 13 points to 2,163, and the S&P 500 fell 7 points to 1,091, the Wall Street Journal reports.