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

0

▲  2nd Inning 1 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...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
or
Please enter a valid email
BostonGlobe.com will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

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