Stocks edge lower in midday trading; Boeing drops
NEW YORK (AP) — More problems for Boeing's 787 are sending the company's stock down sharply, leading the Dow Jones industrial average lower.
Japan's two biggest airlines grounded all their Boeing 787s for safety checks Wednesday after one was forced to make an emergency landing. The plane, known as the Dreamliner, has been plagued by a series of problems including a battery fire and fuel leaks this year.
The Dow fell 24 points to 13,510 shortly before midday.
The Standard & Poor's 500 index was flat at 1,472. The Nasdaq composite was up eight points at 3,118.
Goldman Sachs gained 2 percent after the investment bank reported that its profits nearly tripled in the fourth quarter of last year.
Other banks including Northern Trust and Bank of New York Mellon fell after reporting earnings.
Business Photo Galleriesview all
- 38644Oklahoma tornadoes: The 'Big Dog,' the little boy and the hug that triumphs over tragedy
- 15211Bradley Cooper, Zach Galifianakis, Ed Helms drink in success of 'Hangover' series
- 9740Hobby Lobby argues case before federal judges
- 9154Oklahoma tornadoes: Woman meets the military officer who shared the clothes off his back
- 8873Oklahoma tornadoes: Thunder reverses the role, takes a turn at cheering on the community
- 7777Blake Shelton's "Healing the Heartland" televised tornado benefit set for Wednesday at Chesapeake Energy Arena
- 7381Story behind the photo: Family members describe desperate search for one another after EF5 twister