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Markets

Dow Chemical, Research in Motion lead US stocks lower

NEW YORK: US stocks finished lower Thursday, with BlackBerry maker Research in Motion losing 5.8 percent after it laun
Published January 31, 2013

US-stocksNEW YORK: US stocks finished lower Thursday, with BlackBerry maker Research in Motion losing 5.8 percent after it launched its new operating system and Dow Chemical sagging nearly 7 percent on its quarterly loss.

 

At the close, the Dow Jones Industrial Average was down 49.84 points (0.36 percent) to 13,860.58.

 

The broad-based S&P 500 dropped 3.84 points (0.26 percent) to 1,498.12.

 

The tech-heavy Nasdaq Composite slipped 0.18 (0.01 percent) to 3,142.13.

 

Facebook, which reported disappointing earnings after the close Wednesday, pulled back from an early sharp fall to end down just 1.1 percent.

 

 

Copyright AFP (Agence France-Presse), 2013

 

 

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