Markets Right Now: Stocks end lower ahead of US election

AP News
|
Posted: Nov 01, 2016 4:05 PM

NEW YORK (AP) — The latest on developments in U.S. financial markets:

4:00 p.m.

Stocks are ending slightly lower on Wall Street as investors continue to monitor the run-up to the U.S. presidential election.

Earnings were also in focus on Tuesday, and several companies fell after releasing disappointing results or forecasts.

Pitney Bowes slumped 19 percent after its earnings fell short of analysts' estimates, and drugmaker Pfizer fell 2 percent after its own results didn't meet expectations.

The China business of Yum Brands, parent company of KFC and Taco Bell, rose 8 percent on its first day of trading.

The Dow Jones industrial average fell 105 points, or 0.6 percent, to 18,037. The Standard & Poor's 500 index lost 14 points, or 0.7 percent, to 2,111. The Nasdaq composite declined 35 points, or 0.7 percent, to 5,153.