Topics

Financial Markets
Stocks slide on weak company earnings, U.S. economic data
Stocks slide on weak company earnings, U.S. economic data

U.S. stocks tumbled in midday trading Tuesday, weighed down by disappointing business forecasts from big-name companies and an unexpected drop in orders of long-lasting goods. The slide sent the Dow Jones industrial average down nearly 400 points at one point. KEEPING SCORE: The Dow Jones industrial average was down 347 points, or 2 percent, to 17,331 as of 11:42 a.m. Eastern time. The blue-chip average dropped as much as 390 points earlier. The Standard & Poor's 500 shed 28 points, or 1.4 percent, to 2,028. The Nasdaq composite slid 83 points, or 1.7 percent, to 4,688. The indexes are declining after closing higher on Monday. THE QUOTE: “A lot of today's sell-off is...

Loading