You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Red Sox Live

0

1

▲  5th Inning 0 outs

Stock drop on mixed earnings

Continue reading below

A four-day streak of record-high closes ended for the S&P 500 as falling oil prices hurt energy stocks and Caterpillar, a barometer of the global economy, posted weak earnings, as did Broadcom. The profit plunge discouraged investors and stalled a two-week surge in the stock market during which the S&P 500 gained 6%. ‘We need to let a little bit of air out of the balloon here,’ said Alec Young, at S&P Capital IQ. Energy stocks fell the most of the 10 industry sectors in the S&P 500 amid higher US supplies of crude and weak demand for fuel. It wasn’t all bad news from corporate America: Boeing surged after it raised its profit estimate.

Loading comments...
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.