Stocks open lower after earnings misses

Stocks opened lower Friday after disappointing earnings from corporate giants McDonald’s, Microsoft and Google.

The Dow Jones industrial average was down 93 points, or 0.7%, to 13,456 shortly after the opening bell.
The broader Standard & Poor’s 500 index was down 8 points, or 0.6%, to 1,449. The Nasdaq lost 25 points, or 0.8%, to 3,048.

General Electric Co. reported a rise in quarterly profit in line with analysts’ estimates, but revenues reportedly fell short of expectations.

GE stock lost 40 cents, or 1.8%, to $22.41 in early trading.

Google Inc., whose stock fell 8% Thursday after disappointing earnings results that were accidentally released early, regained some ground, adding $3.15, or 0.5%, to $698.15 after the opening bell.

ALSO:

Video chat: CVS feels more heat as the feds come calling

Chipotle plunges after earnings miss, possible price increases

City National profit rises 44%, beating Wall Street expectations