Mixed start for US stocks as earnings roll in

AP News
Posted: Oct 21, 2013 9:48 AM
Mixed start for US stocks as earnings roll in

NEW YORK (AP) — Stocks are getting off to a mixed start on Wall Street as more big U.S. companies release financial results for the third quarter.

McDonald's led the Dow Jones industrial average lower after missing analysts' forecasts for revenue.

The Dow was down 28 points, or 0.2 percent, at 15,370 after the first few minutes of trading Monday.

The Standard & Poor's 500 index was down less than a point at 1,743. The Nasdaq composite was up five points, or 0.1 percent, to 3,920.

McDonald's lost $1.55, or 2 percent, to $93.58. McDonald's has struggled recently as it faces greater competition, shifting eating habits and tough economic conditions around the world.

Toy maker Hasbro jumped $3.95, or 8 percent, after reporting income and revenue that beat analysts' forecasts.