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New York - Wall Street stocks finished mostly lower on Tuesday following lacklustre US economic data and some disappointing earnings reports.
At the closing bell, the Dow Jones Industrial Average stood at 17 381.01, up 14.77 points (0.09%).
The broad-based S&P 500 dropped 5.85 (0.29%) to 2 011.96, while the tech-rich Nasdaq Composite Index fell 15.27 (0.33%) to 4 623.64.
New orders for US manufactured goods dropped $2.8bn, or 0.6%, to $499.4bn in September, the Commerce Department reported.
The US trade deficit widened in September to $43.0bn as exports slowed and imports remained flat from the previous month.
Sprint sank 16.5% after it announced it was slashing 2 000 jobs after reporting a $765m loss in its fiscal second quarter.
Priceline tumbled 8.4 percent as it forecast fourth-quarter earnings of $9.40-$10.10 per share, well below the $10.91 projected by analysts. Rival online travel companies TripAdivsor (-1.7%) and Expedia (-2.4%) also fell.
Tuesday's trade followed lacklustre US economic data. New orders for US manufactured goods dropped $2.8bn, or 0.6%, to $499.4bn in September, the Commerce Department reported.
The US trade deficit widened in September to $43.0bn as exports slowed and imports remained flat from the previous month.
Chinese e-commerce giant Alibaba rose 4.2% after it reported a 15% gain in third-quarter profits to $1.1bn in its first earnings release since going public.
Petroleum stocks fell as US oil prices sank further below $80 a barrel. Dow member Chevron fell 1.2%, oil services company Weatherford International lost 7.6% and drilling company Transocean dropped 5.3%.
Delta Air Lines jumped 4.2% after reporting a 3% rise in consolidated passenger unit revenue in October, a closely watched industry benchmark. American Airlines and United Continental both gained 1.7%.
Apparel-maker Michael Kors slumped 8.4% on a disappointing outlook. The company forecast earnings of $1.31-$1.34 per share, compared with analyst projections for $1.34.
Bond prices rose. The yield on the 10-year US Treasury fell to 2.34% from 2.35% on Monday, while the 30-year dropped to 3.05% from 3.07%.
