Stocks edge lower; IBM's woes weigh on the Dow average
NEW YORK - Stocks are ending slightly lower as some weak earnings reports weigh on the market.
IBM sank 6 percent Tuesday after the company reported that its revenue fell for the 14th quarter in a row.
Harley-Davidson plunged 14 percent after reporting a drop in profit and cutting its forecasts for motorcycle shipments.
Pizza Hut and KFC owner Yum Brands gained 2 percent after saying it would spin off its struggling China business.
The Dow Jones industrial average slipped 13 points, or 0.1 percent, to 17,217.
The Standard & Poor's 500 index declined two points, or 0.1 percent, to 2,030. The Nasdaq composite edged down 24 points, or 0.5 percent, to 4,880.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.07 percent.
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