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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 -0.17% and Caterpillar Inc. /zigman2/quotes/203434128/composite CAT +0.21% , weighing on the Dow and the broader market. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.40% declined 140 points , or 0.5%, to reach 27,205, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.47% slipped 0.3% to 2,997, while the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP +0.87% 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 -0.14% and Apple Inc. /zigman2/quotes/202934861/composite AAPL +1.45% , 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
$ 338.30
-0.58 -0.17%
Volume: 4.94M
Feb. 19, 2020 6:30p
P/E Ratio
N/A
Dividend Yield
2.43%
Market Cap
$190.84 billion
Rev. per Employee
$660,961
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/zigman2/quotes/203434128/composite
US : U.S.: NYSE
$ 136.86
+0.28 +0.21%
Volume: 2.13M
Feb. 19, 2020 6:30p
P/E Ratio
12.78
Dividend Yield
3.01%
Market Cap
$75.48 billion
Rev. per Employee
$526,173
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
29,348.03
+115.84 +0.40%
Volume: 242.65M
Feb. 19, 2020 5:05p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,386.15
+15.86 +0.47%
Volume: 1.73B
Feb. 19, 2020 5:05p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
9,817.18
+84.44 +0.87%
Volume: 2.29M
Feb. 19, 2020 5:16p
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 217.49
-0.31 -0.14%
Volume: 12.14M
Feb. 19, 2020 4:00p
P/E Ratio
33.79
Dividend Yield
N/A
Market Cap
$620.89 billion
Rev. per Employee
$1.57M
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/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 323.62
+4.62 +1.45%
Volume: 23.50M
Feb. 19, 2020 4:00p
P/E Ratio
25.56
Dividend Yield
0.95%
Market Cap
$1395.78 billion
Rev. per Employee
$1.98M
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