Skip to main content
Advertising

Originally published Wednesday, April 24, 2013 at 9:02 AM

  • Share:
           
  • Comments (0)
  • Print

P&G, AT&T drop after earnings, holding back Dow

Weak earnings forecasts from Procter & Gamble and AT&T held the Dow Jones industrial average back on a mixed day for the stock market.

The Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

NEW YORK —

Weak earnings forecasts from Procter & Gamble and AT&T held the Dow Jones industrial average back on a mixed day for the stock market.

P&G, which makes Tide detergent and Gillette razors, fell 5 percent after predicting weaker profits than analysts were expecting. AT&T dropped 6 percent after losing subscribers from contract-based plans for the first time as smartphones sales slow.

The Dow was down 24 points at 14,695 as of midday Wednesday, a fall of 0.1 percent.

The Standard & Poor's 500 index was up a point, less than 0.1 percent, at 1,579. The Nasdaq composite was down five points, or 0.2 percent, at 3,263.

A weak report on sales of durable goods also discouraged investors.

Oil and gold prices rose. Bond yields were little changed.

News where, when and how you want it

Email Icon

Get ready for 2015

Get ready for 2015

The Seattle Times 12-month wall calendar features hand-picked photos of life in the Pacific Northwest. Order while supplies last!

Advertising

Advertising

The Seattle Times Historical Archives

Browse our newspaper page archives from 1900-1984


Advertising
The Seattle Times

The door is closed, but it's not locked.

Take a minute to subscribe and continue to enjoy The Seattle Times for as little as 99 cents a week.

Subscription options ►

Already a subscriber?

We've got good news for you. Unlimited seattletimes.com content access is included with most subscriptions.

Subscriber login ►