Stocks Decline in Late Trading


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Hemera/Thinkstock(NEW YORK) — U.S. markets ended the day slightly lower Wednesday.  The Dow was down 25 points, or 0.19 percent, closing at 13,077.

The Nasdaq and S&P also saw losses, closing down nine points and 4 points, respectively.
There was no major news for the markets to react to Wednesday. The indexes spent most of the session on the rise before taking a modest dip as they headed for the closing bell.

Relatively good news about China manufacturing and a positive earnings report from Boeing seemed to keep the market from another sharp slide.  HSBC China Manufacturing Purchasing Managers Index advanced to a three-month high of 49.1 from 47.9 in September, The Wall Street Journal reports.
AT&T was one of the companies that contributed to the slide after reporting lackluster earnings; the company stock was down 0.8 percent.
Facebook had its best day as a public company — the stock was up more than 19 percent after better-than-expected earnings.

Copyright 2012 ABC News Radio

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