US: Stocks end lower on mixed earnings

[NEW YORK] Wall Street stocks finished solidly lower after a volatile session following mixed earnings that included strong results from General Motors and disappointing figures from Yahoo.

At the closing bell, the Dow Jones Industrial Average was at 17,170.21, down 46.90 points (0.27 per cent).

The broad-based S&P 500 fell 11.76 (0.58 per cent) to 2,019.01, while the tech-rich Nasdaq Composite Index dropped 40.85 (0.84 per cent) to 4,840.12.

GM climbed 5.8 per cent after third-quarter net income translated to $1.50 per share, much above the US$1.19 forecast by analysts.

But Yahoo fell 5.2 per cent as the technology company reported net income that translated to 15 cents per share, two cents below analyst expectations.

AFP