- Special Sections
- Public Notices
NEW YORK (AP) — Stocks retreated in morning trading Tuesday as investors turned their attention to more signs of weakness in the U.S. economy and poor corporate earnings reports.
The Commerce Department reported that consumers cut spending in June by the biggest amount in nearly two years. Analysts had predicted a slight increase. Incomes also rose by the smallest amount since September, reflecting a weak job market.
The S&P index fell 15 points, or 1.2 percent, to 1,271. The Dow Jones industrial average lost 111 points, or 0.9 percent, to 12,021. The Dow was headed for its eighth straight day of losses. The Nasdaq composite fell 26, or 0.9 percent, to 2,719.
Pfizer Inc. fell more than 2 percent after the drugmaker said that its second-quarter revenue was slightly below analysts' expectations. Archer Daniels Midland Co dropped nearly 4 percent after the company said that it missed Wall Street's profit forecasts. High-end retailer Coach Inc. lost nearly 6 percent after it narrowly missed analyst's profit projections.
If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.
Click the question mark below to see where your account ID appears on your mailing label.
If you are new to the award winning Los Alamos Monitor and wish to get a subscription or simply gain access to our online content then please enter your ZIP code below and continue to setup your account.