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Weak earnings reports weigh on stocks

October 27, 2012 • Business


Trader Michael Urkonis works on the floor of the New York Stock Exchange, Friday, Oct. 26, 2012, in New York. (AP Photo/John Minchillo)

Stocks closed mostly lower Friday after investors found little to like in weak corporate earnings reports and news of only tepid growth in the U.S. economy in the third quarter.

The Dow Jones industrial average managed a gain of 3.53 points to close at 13,107.21 after spending much of the day in the red.

The Standard & Poor’s 500 index fell 1.03 points to 1,411.94 and the Nasdaq composite rose 1.83 points to 2,987.95.

Stocks rose in the morning before a mild midday sell-off, then recovered somewhat in the afternoon.

The morning gains came after the Commerce Department Login to read more

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