Share “Stocks drift lower as corporate earnings...”

Stocks drift lower as corporate earnings wind down

Published on NewsOK Modified: May 9, 2014 at 10:47 am •  Published: May 9, 2014

NEW YORK (AP) — Stocks are drifting lower in midday trading as U.S. corporate earnings wind down.

CBS fell 4 percent after the media company's first-quarter revenue fell short of analysts' projections. Advertising sales at television's top-rated network slumped 12 percent.

Ralph Lauren fell 3 percent after its revenue forecast disappointed investors.

The Dow Jones industrial average slipped 13 points, or 0.1 percent, to 16,537 as of noon Eastern time Friday.

The Standard & Poor's 500 index fell four points, or 0.2 percent, to 1,871. The Nasdaq composite gave up eight points, or 0.2 percent, to 4,043.

Symantec rose 4 percent after the security software maker said cost cuts helped boost its profit margins.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.61 percent.


  1. 1
    Dispute: Was Cecil the lion's brother, Jericho, killed?
  2. 2
    An Oklahoma Immigrant's Experience, Recast As Noir, In 'Dragonfish'
  3. 3
    Summer well spent: Youths shadow professionals in mentoring program
  4. 4
    Norman residents disturbed after seeing vulgar, racist graffiti on homes, vehicles
  5. 5
    Vinita police chief: Extreme sunburn case still under investigation, drawing international media...
+ show more


× Trending business Article