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 />
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Hasbro fell 3 percent Monday after the toy maker reported second-quarter earnings and revenue that fell short of analysts' targets.<br />
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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 />
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The Standard & Poor's 500 index fell four points, or 0.2 percent, to 1,973.<br />
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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 />
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Bond prices rose. The yield on the 10-year Treasury note fell to 2.47 percent.
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