NEW YORK (AP) -- U.S. stocks are closing lower for a second day in a row as investors position themselves for corporate earnings reports.<br />
The Dow Jones industrial average fell 117 points, or 0.7 percent, to close at 16,906 Tuesday. The Standard & Poor's 500 index lost 13 points, or 0.7 percent, to 1,963.<br />
The Nasdaq fell 60 points, or 1.4 percent, to 4,391.<br />
Technology and small-company stocks fell more than the rest of the market. Utilities were the only sector to rise as investors sought out low-risk stocks that pay high dividends.<br />
AbbVie fell 3 percent after the company raised its offer to buy a rival drugmaker, Shire.<br />
Major U.S. companies start to report their earnings this week.<br />
Bond prices rose. The yield on the 10-year Treasury note fell to 2.56 percent.
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
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Three school districts in northeast Georgia - Hall, White, and Jefferson - have received national recognition for their use use of innovative technologies. They earned top spots in the Center for Digital Education's and the National School Boards Association's 10th annual Digital School Districts Survey.