Skip to: Content
Skip to: Site Navigation
Skip to: Search


Stock market falls ahead of earnings

Stock market falls broadly as all but tech shares decline. Key earnings report due after stock market close.

By Associated Press / April 25, 2011

In this April 18, 2011, photo, Geoffrey Freeman of Barclays Capital works on the floor of the New York Stock Exchange in New York. The stock market on April 25, 2011, fell broadly in midday trading as traders waited for key earnings report after the close.

Henny Ray Abrams/AP/File

Enlarge

NEW YORK

Mixed corporate earnings reports are sending stock indexes wobbling in midday trading.

Skip to next paragraph

The stock market is falling broadly. Technology companies are the only one of the 10 company groups that make up the S&P 500 index to edge higher.

Consumer products maker Kimberly-Clark is down 3 percent after missing earnings estimates. Auto parts maker Johnson Controls is down nearly 4 percent saying it expects revenue to drop due to the earthquake in Japan.

Movie rental company Netflix Inc. will report earnings after the market closes.

The Dow Jones industrial average is down 49 points, or 0.4 percent, to 12,457. The S&P 500 is down 4, or 0.3 percent, to 1,333. The Nasdaq composite is down 4, or 0.1 percent, to 2,816.

RELATED: Can economy's 2010 growth spurt last? Five clues.