Weak earnings give stock indexes 3d loss this week
NEW YORK — Disappointing earnings from a range of companies are sending the stock market down, giving major indexes their third loss this week.
The stock prices of Morgan Stanley, UnitedHealth Group and others sank after they turned in weaker quarterly results. Prices of commodities held steady following a wild couple of days.
The Dow Jones industrial average fell 81 points to close at 14,537, a loss of 0.6 percent.
The Standard & Poor’s 500 index fell 10 points to 1,541, a decline of 0.7 percent.
The Nasdaq composite was down 38 points to end at 3,166, or 1.2 percent. Another loss in Apple, the Nasdaq’s biggest component, pushed the index lower.
More stocks fell than rose on the New York Stock Exchange. Volume was higher than average at 3.9 billion shares.