President Barack Obama gestures as he speaks in the East Room of the White House in Washington, Monday, Feb. 11, 2013, during a Medal of Honor ceremony for retired Staff Sgt. Clinton Romesha. Romesha's leadership during a daylong attack by hundreds of fighters on Combat Outpost Keating in Afghanistan led to award. (AP Photo/ Evan Vucci)
Stocks waver as corporate earnings disappoint
Published: 02:47:28 PM, Tue 12 February 2013 UTC
NEW YORK (AP) — Stocks are little changed in the early going as weak earnings from Goodyear and other U.S. companies kept buyers at bay.
The Dow Jones industrial average inched down a point to 13,970 shortly after the opening bell Tuesday.
The Standard & Poor's 500 index was down half a point at 1,516. The Nasdaq composite was also down about half a point at 3,191.
Goodyear Tire & Rubber sank 6 percent to $13.11 after the company cut its forecast for full-year earnings, blaming weakness in the European economy. Coca-Cola fell 2 percent following its earnings report.
Trading was relatively light as investors waited to hear President Barack Obama's comments on the economy later Tuesday night in his State of the Union address.
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