How the major stock indexes fared Tuesday

AP News
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Posted: May 03, 2011 5:22 PM
How the major stock indexes fared Tuesday

After two weeks of strong earnings pumped up the markets, weak results from Pfizer and others deflated a broad earnings rally, at least for today.

The world's largest drug maker posted lower than expected quarterly results Tuesday, slowing a parade of positive corporate reports. Clorox, Molson Coors Brewing Co. and Beazer Homes also slipped after announcing weaker earnings.

That sent broad indexes such as the Standard & Poor's 500 lower. The Russell 2000, an index of small companies, lost 1.3 percent.

The Dow Jones industrial average gained 0.15 point, less than 0.1 percent, to close at 12,807.51.

The Standard & Poor's 500 index fell 4.60 points, or 0.3 percent, to 1,356.62.

The Nasdaq composite index fell 22.46 points, or 0.8 percent, to 2,841.62

For the week:

The Dow is down 3.03 points, or less than 0.1 percent.

The S&P is down 6.99, or 0.5 percent.

The Nasdaq is down 38.58, or 1.1 percent.

For the year to date:

The Dow is up 1,230, or 10.6 percent.

The S&P is up 98.98, or 7.9 percent.

The Nasdaq is up 188.75, or 7.1 percent.