US stocks open lower as earnings season kicks off

A+
A
A-

NEW YORK — US stocks opened lower Tuesday as earnings season was set to begin, with investors cautious after the economy plodded along during the fourth quarter of 2012.

Five minutes into trade, the Dow Jones Industrial Average was down 28.68 points (0.21 percent) at 13,355.61.

The broad-based S&P 500 fell 3.05 points (0.21 percent) to 1,458.84, while the tech-heavy Nasdaq Composite edged down 0.95 (0.03 percent) to 3,097.86.

Monsanto sheres surged 3.1 percent to $99.05 after reporting a 169 percent rise in profit for its quarter to November 30 on strong corn seed sales in the US and Latin America.

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94

editors' picks

advertisement
advertisement