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July 24, 2019, 9:37 a.m. EDT

Dow falls 140 points at the open as Boeing, Caterpillar deliver disappointing results

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By Mark DeCambre

U.S. stocks on Wednesday opened firmly lower, with weak results from Boeing Co. /zigman2/quotes/208579720/composite BA -0.51% and Caterpillar Inc. /zigman2/quotes/203434128/composite CAT -0.72% , weighing on the Dow and the broader market. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.19% declined 140 points , or 0.5%, to reach 27,205, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.0020% slipped 0.3% to 2,997, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.07% retreated 0.3% to hit 8,230. Aerospace giant Boeing Co. swung to a loss in the second quarter, while Caterpillar, the manufacturing and construction-equipment giant produced weaker-than-expected results. Both companies are constituents of the Dow. ahead to renewed trade talks between the U.S. and China next week. Shares of Boeing and Caterpillar were shaving a combined 55 points from the Dow. In other news, regulators said they were increasing pressure on Facebook Inc. /zigman2/quotes/205064656/composite FB +1.06% and Apple Inc. /zigman2/quotes/202934861/composite AAPL -0.81% , which may put the tech and social-media giants at risk of antitrust actions. Early Wednesday, Facebook shares fell after the it formally announced a $5 billion settlement with the Federal Trade Commission for deceiving users about its privacy practices. Facebook is due to report second-quarter earnings after the close of trade Wednesday.

Read the full story:
S&P 500, Nasdaq stock indexes close at record but Dow grounded by Boeing

/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 384.44
-1.97 -0.51%
Volume: 3.03M
Sept. 19, 2019 6:30p
P/E Ratio
45.02
Dividend Yield
2.14%
Market Cap
$216.33 billion
Rev. per Employee
$660,961
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/zigman2/quotes/203434128/composite
US : U.S.: NYSE
$ 130.12
-0.95 -0.72%
Volume: 2.74M
Sept. 19, 2019 6:30p
P/E Ratio
12.12
Dividend Yield
3.17%
Market Cap
$73.20 billion
Rev. per Employee
$526,173
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,094.79
-52.29 -0.19%
Volume: 216.44M
Sept. 19, 2019 5:17p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,006.79
+0.06 +0.0020%
Volume: 1.55B
Sept. 19, 2019 5:17p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
8,182.88
+5.49 +0.07%
Volume: 1.58M
Sept. 19, 2019 5:16p
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 190.14
+2.00 +1.06%
Volume: 10.47M
Sept. 19, 2019 4:00p
P/E Ratio
32.22
Dividend Yield
N/A
Market Cap
$542.46 billion
Rev. per Employee
$1.57M
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 220.96
-1.81 -0.81%
Volume: 22.19M
Sept. 19, 2019 4:00p
P/E Ratio
18.84
Dividend Yield
1.39%
Market Cap
$998.56 billion
Rev. per Employee
$1.98M
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