Stocks end mostly lower

  @maureenmfarrell April 24, 2013: 4:28 PM ET
S&P 500 4:24pm

Click chart for more market data.


U.S. stocks ended mixed Wednesday, after investors parsed through a mixed bag of earnings and a weak economic report.

It was a relatively calm day of trading, one day after an erroneous tweet briefly wreaked havoc on markets.

The Dow Jones Industrial Average lost 0.3%, while the Nasdaq and the S&P 500 were near neutral. Stocks drifted around the breakeven line for most of the day.

Early in the day, investors were spooked by a report on durable goods orders that showed orders fell by 5.7% in March -- much worse than analysts had predicted.

Related: High speed trading fueled Twitter crash

Another batch of mediocre earnings also gave investors pause.

Looking past Boeing's Dreamliner issues

The two Dow components AT&T (T, Fortune 500) and Procter & Gamble (PG, Fortune 500) got bludgeoned, closing down 5% and 6%. AT&T's sales came up short, while Procter & Gamble cut its guidance.

Apple (AAPL, Fortune 500) added to the downward pressure. It beat expectations and announced it would raise its quarterly dividend and boost its stock buyback program. But the company still struggled with lower profits on the iPhone and iMac.

There were a few bright spots among the corporate earnings. Boeing (BA, Fortune 500) was the biggest gainer on the Dow, after it reported an increase in profits, even as revenue was dinged by its grounded Dreamliners.

Ford (F, Fortune 500) reported a jump in earnings, helped by sales in North America.

Shares of Yum Brands (YUM, Fortune 500) jumped more than 7% after the fast-food restaurant operator reported earnings that topped Wall Street's low expectations.

First Solar (FSLR) was the biggest gainer on the S&P 500. Shares hit a new 52-week high, pulling other solar stocks higher. Shares of SolarCity (SCTY), SunPower (SPWR) and Canadian Solar (CSIQ) all logged solid gains.

Related: Fear & Greed Index, Drifting into neutral

European markets closed higher, supported by continuing talk of an ECB rate cut following weak eurozone data. The Ifo German business climate index for April was weaker than expected.

Asian markets ended higher, with Japan's Nikkei adding 2.3%. Hong Kong's Hang Seng added 1.7% and the Shanghai Composite increased 1.6%.

The dollar rose against the euro and the British pound but fell against the Japanese yen.

Oil and gold prices jumped.

The yield on the 10-year Treasury hovered around 1.70%. To top of page

Join the Conversation
Sponsored by
Index Last Change % Change
Dow 16,408.54 -16.31 -0.10%
Nasdaq 4,095.52 9.29 0.23%
S&P 500 1,864.85 2.54 0.14%
Treasuries 2.72 0.08 3.19%
Data as of 1:40pm ET
Company Price Change % Change
Bank of America Corp... 16.15 0.00 0.00%
Facebook Inc 58.94 0.00 0.00%
General Electric Co 26.56 0.00 0.00%
Cisco Systems Inc 23.19 -0.02 -0.09%
Micron Technology In... 23.91 0.00 0.00%
Data as of Apr 17
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.36%4.24%
15 yr fixed3.39%3.26%
5/1 ARM3.36%3.27%
30 yr refi4.34%4.22%
15 yr refi3.38%3.24%
View rates in your area
Find personalized rates:
Rate data provided
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.