Stocks fall on company earnings, overseas trouble

AP News
Posted: Jan 31, 2014 12:24 PM
Stocks fall on company earnings, overseas trouble

NEW YORK (AP) — U.S. stocks are lower in midday trading as investors fret over disappointing results from and more trouble in overseas markets.

The Dow Jones industrial average fell 89 points, or 0.6 percent, to 15,759 shortly after 12 p.m. Eastern time Friday. The Standard & Poor's 500 dropped five points, or 0.3 percent, to 1,788 and the Nasdaq composite dropped eight points, or 0.2 percent, to 4,114.

The Dow had fallen down more than 220 points earlier in the day.

Earlier, investors were unnerved by an unexpected fall in eurozone inflation, which showed the recovery is still weak there.

Currencies for several emerging-market countries also fell against the dollar.

In the U.S., fell $36.75, or 9 percent, to $366.26 after company late Thursday reported results below Wall Street expectations.