Microsoft and McDonald's are leading a broad decline in the stock market after both companies posted sub-par results for the third quarter.
The two stocks were the weakest in the Dow Jones industrial average in early trading Friday. Shortly after the opening bell the index was down 67 points at 13,481.
The Standard & Poor's 500 was down six points at 1,451 and the Nasdaq composite was off 17 points at 3,055.
Microsoft's income fell 22 percent as PC sales took a dive and as troubles in Europe took their toll. McDonald's profit fell 4 percent as a strong dollar hurt international results. Both stocks were down about 3 percent.
The yield on the 10-year Treasury note edged down to 1.81 percent from 1.83 percent late Thursday.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus