TribLIVE

| Business

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Boeing leads Dow lower; other indexes rise

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

By The Associated Press
Wednesday, Jan. 16, 2013, 5:22 p.m.
 

NEW YORK — More problems on Wednesday for Boeing's 787 sent the aircraft maker's stock down sharply Wednesday, dragging the Dow Jones industrial average lower.

Boeing's stock sank $2.60 to $74.34, a loss of 3 percent.

The Dow lost 23.66 points to close at 13,511.23. Without Boeing's drop, the Dow would have ended the day nearly flat.

The Standard & Poor's 500 index inched up 0.29 to 1,472.63. A gain in Apple helped pull the Nasdaq composite up 6.77 points to 3,117.54.

Apple rose $20.17 to $506.09, ending a three-day slide.

JPMorgan Chase's quarterly earnings jumped 55 percent and total revenue for the year hit $100 billion. It gained 47 cents to $46.82.

Goldman Sachs profits nearly tripled in the fourth quarter of last year. Goldman's bond underwriting business had its best year since the financial crisis.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Consol Energy reports deep loss, bigger Utica results
  2. Ambridge’s PittMoss takes off with help from TV show, Mt. Lebanon native Cuban
  3. U.S. Steel joins major producers in new dumping complaint
  4. U.S. Steel to debut oil, gas pipeline connector
  5. Leisure, hospitality lead Pittsburgh area job gains
  6. Plummeting natural gas prices slash revenue of Marcellus shale producers
  7. Invasive beetle costs Pittsburgh-area power companies plenty
  8. Israel’s Teva drops bid for Mylan, buys Allergan for $40.5B
  9. Muni bond funds stressed
  10. Alcoa among 13 firms in $140B carbon-footprint pledge
  11. Pitt to start Energy Law and Policy Institute