Print

Weak earnings, Ukraine tensions weigh on stocks

By The Associated Press
Posted 4:12PM on Monday 21st July 2014 ( 9 years ago )
NEW YORK (AP) -- Stocks are closing lower as U.S. companies turn in mixed quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine.<br /> <br /> Hasbro fell 3 percent Monday after the toy maker reported second-quarter earnings and revenue that fell short of analysts' targets.<br /> <br /> Six Flags Entertainment fell 4 percent after the theme-park operator reported revenue that came up short of what investors expected, partially a result of sluggish attendance.<br /> <br /> The Standard & Poor's 500 index fell four points, or 0.2 percent, to 1,973.<br /> <br /> The Dow Jones industrial average lost 48 points, or 0.3 percent, to 17,051. The Nasdaq composite slid seven points, or 0.2 percent, to 4,424.<br /> <br /> Bond prices rose. The yield on the 10-year Treasury note fell to 2.47 percent.

http://accesswdun.com/article/2014/7/277372

© Copyright 2015 AccessNorthGa.com All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.