BERNARD CONDON,AP Business Writer
NEW YORK (AP) — Stocks are closing lower for a third straight day following
weak earnings reports, a pullback at U.S. factories and fear that Europe's debt
crisis could spiral out of control.
The Dow Jones industrial average lost 104 points to close at 12,617
Tuesday.
United Parcel Service fell 5 percent after cutting its earnings forecast for
2012. DuPont dropped 2 percent after reporting net income dropped in the second
quarter.
The Standard & Poor's 500 fell 12 points to 1,338. The Nasdaq composite
was off 27 points at 2,863.
Three stocks fell for every one that rose on the New York Stock Exchange.
Volume as average at 3.8 billion shares.
Copyright 2012 The Associated Press.
