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U.S. stocks close lower amid earnings

NEW YORK
2019-10-23 05:58

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NEW YORK, Oct. 22 (Xinhua) -- U.S. stocks closed lower on Tuesday as investors digested a batch of corporate earnings reports.

The Dow Jones Industrial Average decreased 39.54 points, or 0.15 percent, to 26,788.10. The S&P 500 fell 10.73 points, or 0.36 percent, to 2,995.99. The Nasdaq Composite Index erased 58.69 points, or 0.72 percent, to 8,104.30.

McDonald's on Tuesday posted GAAP diluted earnings per share of 2.11 U.S. dollars and consolidated revenues of 5.4 billion dollars, both missing analysts' expectations.

Shares of the fast food chain giant plunged more than 5 percent to close at 199.27 dollars apiece.

Procter & Gamble posted strong quarterly earnings that topped analysts' expectations. Its core earnings per share increased 22 percent to 1.37 U.S. dollars and its net sales reached 17.8 billion dollars, up 7 percent from the prior year.
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