Weak earnings, falling oil prices put pressure on stocks
NEW YORK - Stocks are moving lower after several U.S. companies delivered disappointing results and forecasts.
Energy stocks fell more than the rest of the market Tuesday as the price of crude oil dropped to its lowest level since August.
UPS was off 3 percent after the package delivery company reported revenue that fell short of analysts' estimates.
Cummins slumped 8 percent after the engine maker's earnings fell far short of forecasts.
The Dow Jones industrial average slipped 38 points, or 0.2 percent, to 17,585 as of 12:21 p.m. ET.
The Standard & Poor's 500 index fell eight points, or 0.4 percent, to 2,063. The Nasdaq composite fell ten points, less than 0.2 percent, to 5,025.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.02 percent.