clear
Tuesday July 7th, 2015 6:04PM

Stocks open lower on weak corporate earnings

By The Associated Press
NEW YORK (AP) -- Weak earnings from IBM and other major U.S. companies are dragging the stock market lower in early trading.

Interest rates on short-term U.S. government debt declined as investors were relieved that Washington averted a potential default.

IBM, UnitedHealth and Goldman Sachs dragged the Dow Jones industrial average lower after reporting results that disappointed investors.

The Dow was down 100 points, or 0.7 percent, to 15,272 points early Thursday.

The broader Standard & Poor's 500 fell but not as much as the Dow. The S&P 500 lost three points, or 0.2 percent, to 1,717 points.

The Nasdaq fell seven points, also 0.2 percent, to 3,832.

The yield on the three-month Treasury bill fell back to 0.1 percent, about where it was in late September, down sharply from 0.13 percent late Wednesday.
© Copyright 2015 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
S&P 500 index has its best year since 1997
The stock market closed out a record year with more all-time highs on Tuesday, giving U.S. indexes their biggest annual gains in almost two decades.
6:56PM ( 1 year ago )
Colorado readies for 'Green Wednesday' pot sales
Police were adding extra patrols around pot shops in eight Colorado towns that plan to allow recreational sales to anyone over 21 on Jan. 1.
1:52PM ( 1 year ago )
Kerry seeks framework for Mideast peace talks
A senior State Department official says Secretary of State John Kerry will try this week to get Israel and the Palestinians to agree on a framework for negotiating a final peace agreement, yet cautions against raising expectations for Kerry's latest round of shuttle diplomacy.
1:35PM ( 1 year ago )
U.S. News
Ethics laws set to take effect Jan. 1 in Georgia
After dominating much of the legislative session, a set of major ethics reforms is scheduled to take effect Jan. 1.
7:04PM ( 1 year ago )
Sex offender held in Hall County for failing to register
A 47-year-old man was booked into the Hall County Jail Tuesday, being held without bond for allegedly failing to register as a sex offender, his second such arrest.
6:09PM ( 1 year ago )
Pharmacy robberies may involve same suspect
Oakwood Police Tuesday afternoon released details in a pharmacy robbery they're investigating, similar to one that happened in the Hall County Tuesday morning.
5:46PM ( 1 year ago )
Local/State News
Senate, House look to update Bush-era education law
WASHINGTON (AP) — Congress is making another run at rewriting the Bush-era No Child Left Behind education law, even as the Obama administration urges changes it says would ensure that schools are held...
5:18PM ( 46 minutes ago )
SC Senate gives final OK to Confederate flag removal
COLUMBIA, S.C. (AP) — The South Carolina Senate gave its final approval Tuesday to removing the Confederate flag from the Capitol grounds, but across the hall in the House, Republicans quietly sought...
5:01PM ( 1 hour ago )
US job openings stay high, but actual hiring falters in May
WASHINGTON (AP) — Job openings stayed close to a 15-year high in May. It's a sign that companies are expecting continued economic growth, but the level of advertised jobs hasn't driven the same kind o...
12:46PM ( 5 hours ago )
Cosby said he got drugs to give women for sex
Bill Cosby testified in 2005 that he got Quaaludes with the intent of giving them to young women he wanted to have sex with, and he admitted giving the sedative to at least one woman and "other people."
11:42PM ( 18 hours ago )
US stocks slip amid global sell-off after Greek 'no' vote
NEW YORK (AP) — Stocks in the U.S. fell broadly following drops in overseas markets as Greeks voted to reject creditor conditions for more loans, but the losses weren't as steep as many had feared.Wit...
6:32PM ( 23 hours ago )