New York, NY (AP) - Stocks are struggling to a mixed finish after
weak earnings news from 3M and other companies weighed on the
The Dow Jones industrial average lost 17 points Thursday, but
broader indexes posted gains.
3M gave a downbeat view on the economy and a lower forecast for
full-year earnings. Avon's results were hurt by higher spending on
advertising and lower revenues from China.
According to preliminary calculations, the Dow fell 17, or 0.2
percent, to close at 11,110. It had been up 53 points earlier.
The S&P 500 rose just over 1 point to 1,184, while the Nasdaq
rose 4, or 0.2 percent, to 2,507.
Gaining stocks narrowly outpaced declining ones on the New York
Stock Exchange, where volume came to 1 billion shares.
(Copyright 2010 by The Associated Press. All Rights Reserved.)