TribLIVE

| Business


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

Boeing leads Dow lower; other indexes rise

About The Tribune-Review
The Tribune-Review can be reached via e-mail or at 412-321-6460.
Contact Us | Video | Photo Reprints

By The Associated Press

Published: 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.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Wages have soared in Pittsburgh, but economy appears to have stalled
  2. Programs help to nudge unemployment among veterans downward
  3. Emboldened by Italy move, QVC to expand into France
  4. Wyndham Grand Pittsburgh turnaround complete, owner Patel says
  5. Secret Service close to understanding Target data breach
  6. Consol Energy transitions as leadership changes hands
  7. PPG shareholders vote against proposals; sales, profit see double-digit increases
  8. Facebook feature lets users locate nearby pals
  9. Former BP employee settles insider-trading charges
  10. Google buys drone maker Titan Aerospace to spread Internet
  11. Target expands subscription service tenfold
Subscribe today! Click here for our subscription offers.