Summary Box: Dow slip on Hewlett-Packard earnings

AP News
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Posted: May 17, 2011 5:18 PM
Summary Box: Dow slip on Hewlett-Packard earnings

BAD DAY FOR H-P: Hewlett-Packard Co. fell more than 7 percent. The world's largest technology company by revenue lowered its earnings outlook for the rest of the year, partly because of weaker sales of personal computers.

ECON CONCERNS: Concerns about the economy's strength helped pull down industrial companies like Caterpillar Inc. and Boeing Co. The Federal Reserve said U.S. factories produced fewer goods in April for the first time in 10 months.

THE INDEXES: The Dow lost 68.79 points, or 0.5 percent, to 12,479.58. The S&P 500 lost less than 0.1 percent to 1,328.98. The Nasdaq rose less than 0.1 percent to 2,783.21.