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Stocks close; IBM's woes weigh down the Dow

Stocks close; IBM's woes weigh down the Dow

U.S. stocks snapped a three-day winning streak Tuesday as weak company earnings and outlooks weighed on the market.

Major indexes wavered between small gains and losses for most of the day before settling slightly lower in the last 15 minutes of trading. The slide in crude oil prices deepened.

Investors are mostly focused on corporate America the next couple of weeks as the third-quarter earnings season unfolds. This week and next week are particularly heavy, with big companies including Coca-Cola, Procter & Gamble and Apple reporting earnings.

Traders are trying to glean whether the global economy is slowing and how U.S. companies are coping with factors like the...