Stock market slips on weak earnings; Dow off 81
Stock indexes slip for third day this week; UnitedHealth, eBay lower after earnings
In this Tuesday, April 16, 2013, photo, Trader John Yaccarine, left, and specialists Mark Otto, center, and Christopher Malloy, work on the floor of the New York Stock Exchange Tuesday, April 16, 2013. Disappointing earnings results weighed on the stock market in early trading on Thursday, April 18, 2013, following two steep drops this week. (AP Photo/Richard Drew)
NEW YORK (AP) -- Disappointing earnings from a range of companies are sending the stock market down, giving major indexes their third loss this week.
The stock prices of Morgan Stanley, UnitedHealth Group and others sank after they turned in weaker quarterly results. Prices of commodities held steady following a wild couple of days.
The Dow Jones industrial average fell 81 points to close at 14,537, a loss of 0.6 percent.
The Standard & Poor's 500 index fell 10 points to 1,541, a decline of 0.7 percent.
The Nasdaq composite was down 38 points to end at 3,166, or 1.2 percent. Another loss in Apple, the Nasdaq's biggest component, pushed the index lower.
More stocks fell than rose on the New York Stock Exchange. Volume was higher than average at 3.9 billion shares.
