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VOL. 39 | NO. 44 | Friday, October 30, 2015
Stocks edge lower for second day; Valeant falls sharply
NEW YORK (AP) — U.S. stocks are edging slightly lower following mixed quarterly results from companies like Facebook and Whole Foods Market. Investors are also preparing for the release of the government's monthly jobs report Friday.
Facebook shares jumped 5 percent after it reported strong earnings thanks to higher advertising revenue. Whole Foods reported weak quarterly profit as it faces more intense competition from others selling organic food. Beleaguered Valeant Pharmaceuticals fell sharply again.
The Dow Jones industrial average was down 11 points, or 0.1 percent, to 17,856 as of 11:55 a.m. Eastern. The Standard & Poor's 500 index was down 2 points, or 0.1 percent, to 2,100 and the Nasdaq composite slipped 18 points, or 0.4 percent, to 5,124.
Bond prices fell. The yield on the 10-year Treasury note fell to 2.25 percent.