U.S. stocks closed slightly lower on Tuesday as some weak earnings reports weighed on the market. IBM sank about 6 percent a day after the company reported that its revenue fell for the 14th quarter in a row. Harley-Davidson plunged 14 percent after reporting a drop in profit and cutting its forecasts for motorcycle shipments. Pizza Hut and KFC owner Yum Brands gained 2 percent after saying it would spin off its struggling China business.
For the day:
The Dow Jones industrial average fell 13.43 points, or 0.1 percent, to close at 17,217.11.
The Standard & Poor's 500 index slid 2.89 points, or 0.1 percent, to 2,030.77.
The Nasdaq composite climbed 24.50 points, or 0.5 percent, to 4,880.97.
For the week:
The Dow is up 1.14 points, or 0.01 percent.
The S&P 500 index is down 2.34 points, or 0.1 percent.
The Nasdaq is down 5.72 points, or 0.1 percent.
For the year:
The Dow is down 605.96 points, or 3.4 percent.
The S&P 500 index is down 28.13 points, or 1.4 percent.
The Nasdaq is up 144.92 points, or 3.1 percent.