U.S. stocks were dragged down Wednesday on word of a delay in the rollout of Boeing's Dreamliner and a mixed bag of third-quarter earnings reports.

The Dow Jones industrial average fell 85.84, a 0.6 percent decrease, to 14,078.69 and the Standard & Poor's 500 lost 2.68, or 0.17 percent, to 1,562.47, a day after both indexes hit record closing highs. However, the Nasdaq composite index rose 7.70 points, 0.27 percent, to close at 2,811.61.

Boeing's announcement that its Dreamliner would be delayed another six months skewed the Dow downward, analysts told The Wall Street Journal. In addition, Chevron and Valero Energy said smaller refining margins would affect their third-quarter earnings.

On the New York Stock Exchange, 1,572 stocks rose and 1,720 declined on a listed volume of 3 billion shares.

The U.S. Treasury 10-year note was up 62.5 cents for every $1,000 invested to yield 4.644 percent.

The dollar was split overseas. The euro was at $1.4146 from $1.4111 against the dollar Tuesday. The dollar was at 117.21 yen from 117.15 yen Tuesday.

Japan's Nikkei 225 rose 0.1 percent to 17,177.89.

In London, the FTSE 100 Index fell 0.1 percent to 6,611.00.  // Copyright 2007 by United Press International



Publication date: 11 October 2007   

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