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Boeing leads Dow lower; other indexes rise

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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.

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