Economy

Stocks ease in early trade as earnings disappoint

NEW YORK (AP) — Stocks are slightly lower in early trading after several U.S. companies reported earnings that disappointed investors.

J.M. Smucker and V.F. Corporation both fell early Friday after announcing earnings that fell short of analysts' forecasts. The Standard & Poor's 500 index fell three points, or 0.2 percent, to 1,827 in the first few minutes of trading.

The Dow Jones industrial average lost 31 points, or 0.2 percent, to 15,996. The Nasdaq composite declined nine points, or 0.2 percent, to 4,231. Men's Wearhouse sank 7 percent after rival Jos. A. Bank Clothiers said it would buy the parent company of Eddie Bauer. Men's Wearhouse had been pursuing Jos. A. Bank.

Investors were also disappointed by a steep drop in U.S. factory output in January.

Related Headlines

  • S&P 500 index logs its best week of the year

    The stock market closed out its best week of the year on Friday as investors focused on company earnings and brushed off another weak economic report. Campbell Soup climbed ... 

  • Peter Tuchman

    US stocks open little changed

    The U.S. stock market is little changed in early trading following a tough January. The Dow Jones industrial average edged up six points to 15,704 about 10 minutes after the ... 

  • Dale Watkins Jr, Eva Gasca

    Stocks start mixed on first full week of 2014

    Stocks are getting off to a mixed start on the first full week of trading of the year. The Dow Jones industrial average fell a point at 16,467 in the first few minutes of ... 

  • Peter Giacchi, Patrick King

    Futures waver as US earnings season rolls on

    Stock futures are fluctuating after another record week for U.S. markets. Dow Jones industrial futures are down 6 points to 15,491. S&P futures have lost a point to 1,752.90. 

Find the best rates

Find your future job here