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Weak earnings prospects weigh on stocks

6:18 AM, Apr 25, 2013   |    comments
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NEW YORK (AP) - Investors are taking their cue from a heavy dose of earnings this week, and they were uninspired yesterday by the mixed bag of earnings from some big-name American companies. The stock market finished pretty much where it started.

The Standard & Poor's 500 index, the market's most widely used barometer, ended up a fraction of a point closing at 1,578.

The Dow Jones industrial average edged down 43 points, or 0.3 percent, to close 14,676. The bluechip index was held back by big drops in Procter & Gamble and AT&T.

In other market action, the Nasdaq composite edged up 0.32 point at 3,269. The Russell 2000 index of small-company stocks fared better. It rose 0.5 percent, or 4.75 points, to 934.


Associated Press

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