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Journalism of Courage
U.S. stocks fell at the opening on Tuesday after corporate results disappointed on revenues and housing data underscored worries the economic recovery was losing momentum.
The Dow Jones industrial average was down 137.06 points,or 1.35 percent,at 10,017.37. The Standard amp; Poor8217;s 500 Index fell 12.69 points,or 1.18 percent,at 1,058.56. The Nasdaq Composite Index was off 31.63 points,or 1.44 percent,at 2,166.60.
US Pre-mkt: Stocks headed lower
The results of both Goldman and IBM have cast a bit of gloom. Stocks are headed for a lower opening after revenues from Goldman Sachs and IBM came in lower than investors expected.
The miss from the leading investment bank early Tuesday was the latest weak of weakness on revenues in this second-quarter corporate earnings season. Late Monday,IBM reported better bottom-line results but its revenues were also weaker than expected.
Ahead of the opening bell,Dow Jones industrial average futures fell 90,or 0.9 percent,to 9,970. Standard amp; Poor8217;s 500 index futures dropped 10.30,or 1 percent,to 1,053.50,while Nasdaq 100 index futures fell 16.50,or 0.9 percent,to 1,789.
