US stocks slip as investors digest earnings

 
 
FILE - In this Feb. 10, 2011 file photo, American flags fly in front of the New York Stock Exchange, in New York. Stock futures edged higher Tuesday, July 15, 2014, as investors digested mixed U.S. retail sales data and several corporate earnings reports. The latest earnings from Johnson & Johnson and JPMorgan Chase both beat Wall Street's expectations.
FILE - In this Feb. 10, 2011 file photo, American flags fly in front of the New York Stock Exchange, in New York. Stock futures edged higher Tuesday, July 15, 2014, as investors digested mixed U.S. retail sales data and several corporate earnings reports. The latest earnings from Johnson & Johnson and JPMorgan Chase both beat Wall Street's expectations.
Mark Lennihan, File / AP Photo

The Associated Press

Stocks are closing mostly lower as investors considered a new set of corporate earnings and the Federal Reserve's latest assessment of the U.S. economy.

In remarks to Congress, Fed Chair Janet Yellen raised the possibility the Fed could raise its key short-term interest rate sooner than currently projected.

The Standard & Poor's 500 index fell three points, or 0.2 percent, to close at 1,973 Tuesday.

The Dow Jones industrial average rose five points, or 0.03 percent, to 17,060 and the Nasdaq composite slid 24 points, or 0.5 percent, to 4,416.

JPMorgan Chase and Goldman Sachs rose after the banks reported results that were better than investors were expecting.

Bond prices barely budged. The yield on the 10-year Treasury note held steady at 2.55 percent.

Read more Markets stories from the Miami Herald

  •  
FILE - A sign for Wall Street is shown in this March 8, 2010 file photo near the New York Stock Exchange. Global stocks mostly rose Wednesday, July 23, 2014, bolstered by solid U.S. earnings and home sales as tensions between Russia and the West over Ukraine eased.

    US stocks drift following mixed corporate earnings

    Stocks are little changed in midday trading as traders look over a mixed batch of corporate earnings.

  •  
FILE - A sign for Wall Street is shown in this March 8, 2010 file photo near the New York Stock Exchange. Global stocks mostly rose Wednesday, July 23, 2014, bolstered by solid U.S. earnings and home sales as tensions between Russia and the West over Ukraine eased.

    Stocks turn mostly higher as earnings roll in

    U.S. stock indexes were mostly higher in early-afternoon trading Wednesday as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies. Biotechnology stocks were among the biggest gainers.

  • How the Dow Jones industrial average fared Tuesday

    Solid earnings for a range of big companies helped nudge the stock market higher on Tuesday. The restaurant chain Chipotle Mexican Grill and the cable giant Comcast surged after reporting better results than Wall Street expected.

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category