61°
Baton Rouge, Louisiana
3 Day Outlook
Wed
84°
66°
10%
Thu
85°
68°
40%
Fri
87°
58°
10%

Latest Weather Blog

Follow our weather team on social media

US stocks slip ahead of earnings season kickoff

2 years ago Tuesday, January 08, 2013 9:00:12 AM CST January 08, 2013 Tuesday, January 08 2013 Jan 8, 2013 in News
Source: Associated Press

Stocks are falling on Wall Street as traders wait for corporate earnings reports to start rolling in.

The Dow Jones industrial average was down 65 points at 13,318 at midday Tuesday. The Standard & Poor's 500 index fell seven points to 1,453. The Nasdaq composite index fell 17 to 3,081.

Aluminum maker Alcoa becomes the first company in the Dow average to report earnings after the close of trading.

Other companies that have begun reporting turned in mixed results.

Yum brands, the parent company of KFC, Taco Bell and Pizza Hut, dropped after reporting problems with a chicken meat supplier.

Monsanto, an agricultural products maker, soared after reporting sharply higher earnings thanks to booming sales of crop seeds in Latin America.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
Partly Cloudy
83°
61°
Wed
Mostly Cloudy
84°
66°
Thu
AM T-Storms
85°
68°
Fri
Partly Cloudy
87°
58°
Sat
AM Clouds / PM Sun
76°
53°