U.S. stocks closed lower on Thursday for a third straight day as a number of big companies report disappointing financial results.
Caterpillar and 3M released weaker-than-expected earnings, pulling indexes lower. General Motors, Southwest Airlines and Raytheon bucked the downward trend, rising after announcing stronger results than analysts anticipated.
For the day:
The Dow Jones industrial average lost 119.12 points, or 0.7 percent, to 17,731.92.
The Standard & Poor's 500 index fell 12 points, or 0.6 percent, to 2,102.15.
The Nasdaq composite shed 25.36 points, or 0.5 percent, to 5,146.41.
For the week:
The Dow is down 354.53 points, or 2 percent.
The S&P 500 index is down 24.49 points, or 1.2 percent.
The Nasdaq is down 63.74 points, or 1.2 percent.
For the year:
The Dow is down 91.15 points, or 0.5 percent.
The S&P 500 index is up 43.25 points, or 2.1 percent.
The Nasdaq is up 410.35 points, or 8.7 percent.