US stocks slip following mixed company earnings
NEW YORK (AP) — Stocks are moving lower as U.S. companies turn in mixed quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine.
Hasbro fell 2 percent in midday trading Monday after the toy maker reported second-quarter earnings and revenue that fell short of analysts’ targets.
The Standard & Poor’s 500 index fell eight points, or 0.4 percent, to 1,969.
The Dow Jones industrial average lost 83 points, or 0.5 percent, to 17,017. The Nasdaq composite slid 16 points, or 0.3 percent, to 4,416.
European markets also fell. Germany’s DAX sank 1 percent and France’s CAC-40 lost 0.8 percent.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.46 percent.