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.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Amid flurry of flood zone development requests, planning commission shoots down Burbank...
EBR, Ascension leaders announce joint proposal to improve drainage along Bayou Manchac
St. Helena schools set to reopen nearly a month after Hurricane Ida
Baton Rouge researchers optimistic Moderna shot will be deemed safe for kids
Blue Roof Program opens shop in Ascension