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VOL. 39 | NO. 43 | Friday, October 23, 2015
US stocks slip as earnings reports fail to impress
NEW YORK (AP) — Stocks are closing mostly lower as traders look ahead to a busy week of corporate earnings and a Federal Reserve meeting.
Xerox slumped 3 percent Monday after its quarterly revenue missed analysts' estimates. The company said it would review its business and spending plans.
The Dow Jones industrial average fell 23 points, or 0.1 percent, to 17,623.
The Standard & Poor's 500 index fell four points, or 0.2 percent, to 2,071. The Nasdaq composite inched up two points, or 0.1 percent, to 5,030.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.06 percent.