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