(NEW YORK) — Stocks moved between slight gains and losses Wednesday, with a mixed bag of earnings reports and a bleak report on factory goods.
The Dow Jones Industrial Average lost 43.16 points to close at 14,676.30. The Nasdaq Composite closed up a fraction at 3,269.65. The S&P 500 remained unchanged, closing at 1,578.79.
Procter & Gamble stock fell (-5.88 percent) on an unfavorable forecast for growth, the Wall Street Journal reports. AT&T shares dropped (-5.03 percent) after the telecommunications company missed earnings expectations.
Orders for long-lasting U.S. factory goods fell sharply last month, dragged lower by a big drop in demand for commercial aircraft.
Boeing, however, says it plans to begin delivering its new and improved 787 Dreamliner again early in May. The aircraft had been grounded since mid-January because of smoldering batteries.
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Stephan Rockefeller, EastIdahoNews.com