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Weak showings from companies including IBM send stocks lower

Weak showings from companies including IBM send stocks lower

Disappointing earnings from several big U.S. companies put investors in a selling mood Tuesday, giving the stock market its first broad decline in four days. IBM and United Technologies were among the companies whose latest quarterly report cards fell short of Wall Street's expectations or included dimmer outlooks. Telecommunications stocks were among the biggest decliners. Traders have been focusing on the health of Corporate America to get a read on how the global economy is doing, though it's still early days. Only about 12 percent of the companies in the Standard & Poor's 500 index have reported earnings so far. “Investors appear to be in a listen-only mode...

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