US stocks are mostly lower as earnings fall short

January 17, 2014 • Business, National News

FILE – In this Thursday, Jan. 16, 2014 file photo, trader Gregory Rowe, center, works on the floor of the New York Stock Exchange. World stocks traded mixed Friday, Jan. 17, 2014 with a patchy performance in Asia and early gains in Europe and U.S. futures a day after losses on Wall Street. (AP Photo/Richard Drew)

NEW YORK (AP) — Investors weren’t impressed with the earnings news from big U.S. companies Friday.

Intel slumped after giving a weak revenue forecast and General Electric dropped after its profit margins fell short. Capital One also fell after the bank’s earnings missed expectations.

The Standard & Poor’s 500 index slipped 7.19 points, or 0.4 percent, to 1,838.70. The Dow Jones industrial average rose 41.55 points, or 0.3 percent, to 16,458.56. The Nasdaq composite fell 21.11 points, or 0.5 percent, to 4,197.58.

The S&P 500 index retreated from a record high close on Wednesday. It ended the week 0.5 percent lower and continued its lackluster start to January.

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