X

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
Dow Ends Day Down 41
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.

story continues below

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%. (Read more Dow Jones stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X