US stocks fell Thursday for a second day in a row amid mixed earnings reports and gloomy sentiment over recent economic indicators.
At the closing bell, the Dow Jones Industrial Average was down 79.53 (0.54 percent) to 14,539.06.
The broad-based S&P 500 fell 10.30 (0.66 percent) to 1,541.71, while the tech-rich Nasdaq Composite Index gave up 38.31 (1.20 percent) to 3,166.36.
The losses followed disappointing economic reports out of the Federal Reserve Bank of Philadelphia and the Conference Board. Sentiment had already been downcast after the International Monetary Fund slashed its growth forecasts earlier in the week.
“Stocks have been under pressure throughout the session as investors respond to disappointing economic reports and mixed corporate earnings,” said Wells Fargo in a market note.
Investors are also skittish after some earnings disappointments in recent days.
“There is clearly some positioning going on,” said Dan Greenhaus, chief global strategist of trading firm BTIG.
“People are just not comfortable right now.”
US stocks drop on mixed earnings reports
