Stocks open mixed as earnings reports roll in
ASSOCIATED PRESS January 22, 2013 8:16AM
FILE - In this Jan. 8, 2013, file photo, NFL football commissioner Roger Goodell, left, and Verizon CEO Lowell McAdam talk about Verizon mobile products that allow NFL fans to watch games and interact with each other at the Consumer Electronics Show, in Las Vegas. The parent of the country's biggest wireless carrier lost $4.23 billion, or $1.48 per share, for the period ended Dec. 31. That compares with a loss of $2.02 billion or 71 cents per share, a year ago. (AP Photo/Julie Jacobson)
Updated: January 22, 2013 9:40AM
Stocks are wavering in early trading on Wall Street as U.S. companies turn in a mixed batch of earnings reports.
The Dow Jones industrial average fell four points to 13,653 shortly after the opening bell Tuesday.
The Standard & Poor’s 500 index was down less than a point at 1,485 and the Nasdaq composite edged up a point to 3,136.
Chemical maker DuPont rose after reporting income that beat Wall Street’s forecasts.
Johnson & Johnson beat most expectations for the final quarter of the year, but its stock slipped bell due to a weak forecast for this year.
Earnings reports continue after the market closes with Google, IBM, CSX and Norfolk Southern.