A mixed start for US stocks as earnings reports roll in

AP News
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Posted: Oct 14, 2015 9:41 AM
A mixed start for US stocks as earnings reports roll in

NEW YORK (AP) — U.S. stocks are opening mixed as traders pore over the latest earnings reports for the third quarter.

Chipmaker Intel fell 4 percent early Wednesday after reporting earnings and revenue that fell slightly. The company is grappling with declining demand for personal computers.

Bank of America rose 2 percent after its results beat analysts' estimates. Legal costs fell in the quarter.

The Dow Jones industrial average slipped 30 points, or 0.2 percent, to 17,048 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index was down a fraction of a point to 2,003. The Nasdaq composite gained 11 points, or 0.2 percent, to 4,808.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.02 percent.