Comment
0
Tweet
0
Print
RSS Feeds

Stocks edge lower on Wall Street; Coke sinks

Tuesday - 7/16/2013, 4:35pm  ET

The American flag and a sign for Wall St. are shown outside the New York Stock Exchange, Monday, July 15, 2013 in New York. Weaker-than-expected U.S. retail sales sent most world stock markets lower Tuesday July 16, 2013 as investors awaited congressional testimony from Federal Reserve chairman Ben Bernanke later in the week. (AP Photo/Mark Lennihan)

NEW YORK (AP) -- Stocks are closing lower on Wall Street after the latest batch of corporate earnings failed to impress investors.

Coca-Cola fell 2 percent to $40.23, the biggest drop in the Dow Jones industrial average, after reporting a slump in soda sales in North America.

The Dow fell 32 points, or 0.2 percent, to close at 15,451 Tuesday.

The Standard & Poor's 500 fell six points, or 0.4 percent, to 1,676. The S&P rose for the previous eight days, its longest winning streak since January.

The Nasdaq composite fell nine points, or 0.3 percent, to 3,598.

Two stocks fell for every one that rose on the New York Stock Exchange. Trading volume was very light at 3 billion shares.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.