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Stocks Mostly Lower Early Tuesday      10/17 09:46

    U.S. stock indexes edged mostly lower in early trading Monday as investors 
sized up the latest company earnings news. Health care companies notched some 
of the biggest gains. 

   (AP) -- U.S. stock indexes edged mostly lower in early trading Monday as 
investors sized up the latest company earnings news. Health care companies 
notched some of the biggest gains. Industrial stocks and consumer-focused 
companies were among the biggest laggards. Oil prices rose.

   KEEPING SCORE: The Standard & Poor's 500 index was down a fraction of a 
point at 2,557 as of 10:13 a.m. Eastern time. The Dow Jones industrial average 
picked up 24 points, or 0.1 percent, to 22,981, lifted by a big gain in 
UnitedHealth. The Nasdaq composite slipped less than 1 point to 6,623. The 
Russell 2000 index of smaller-company stocks edged up less than 1 point to 
1,503. More stocks fell than rose on the New York Stock Exchange. The S&P 500, 
Dow and Nasdaq each posted record highs on Monday.

   FEELING FIT: UnitedHealth Group, the country's biggest health insurer, rose 
5.4 percent after reporting earnings that beat analysts' estimates. The stock 
gained $10.35 to $203.58. Johnson & Johnson added 2 percent after reporting a 
strong quarter of its own. Its shares added $2.68 to $138.80.

   BANK ON IT: Morgan Stanley rose 1.8 percent after the investment bank served 
up quarterly results that beat Wall Street's expectations. The stock picked up 
88 cents to $49.82. Goldman Sachs also delivered earnings that exceeded 
financial analysts' expectations, but its shares were down $4.32, or 1.8 
percent, to $238.09.

   AERIAL TOUSSLE: Boeing declined after rival aircraft maker Airbus took a 
majority stake in Bombardier's C-series passenger jets. Boeing was down $1.56, 
or 0.6 percent, to $258.19.

   BONDS: Bond prices fell. The yield on the 10-year Treasury note rose to 2.32 
percent from 2.30 percent late Monday.

   ENERGY: Oil prices rose after Iraqi forces pushed their Kurdish allies out 
of the disputed city of Kirkuk, seizing oil fields amid tensions over last 
month's Kurdish vote for independence. Benchmark U.S. crude gained 13 cents to 
$52 a barrel on the New York Mercantile Exchange. Brent crude, used to price 
international oils, added 28 cents to $58.10 a barrel in London.

   CURRENCIES: The dollar rose to 112.38 yen from 112.22 yen. The euro weakened 
to $1.1746 from $1.1792. The pound fell to $1.3174 from $1.3243 after inflation 
figures cemented expectations of a rate increase soon but Bank of England 
Governor Mark Carney warned about the economic impact of Brexit.

   MARKETS OVERSEAS: Global stocks were mixed. In Europe, Germany's DAX was up 
0.2 percent, while France's CAC 40 was up 0.2 percent. London's FTSE 100 rose 
0.3 percent. In Asia, Hong Kong's Hang Seng was unchanged ahead of a 
twice-a-decade congress Wednesday held by China's ruling Communist Party. 
Tokyo's Nikkei 225 gained 0.4 percent, while Sydney's S&P-ASX 200 rose 0.7 
percent. Seoul's Kospi added 0.2 percent.


(BE)

 
 
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