Stocks End Down, UPS Misses Profit Forecast

U.S. stocks ended down on Tuesday, dropping in a broad selloff as a weak outlook from courier company UPS weighed on sentiment and pressured transportation stocks. The Dow Jones Industrial Average fell 70.48 points, or 0.42%, to 16,912.11. The S&P 500 lost 8.96 points, or 0.45%, to 1,969.95. The Nasdaq Composite was down 2.21 points, or 0.05%, to 4,442.70.

United Parcel Service Inc.’s second-quarter profit missed analysts’ expectations, while the company lowered its earnings outlook for the year. UPS posted a profit of $454 million, or 49 cents a share, down from $1.07 billion, or $1.13 a share, in the prior-year period. Revenue improved 5.6% to $14.27 billion.

Twitter Inc. (TWTR)’s user base is growing at a steady pace as its second-quarter revenue topped analysts’ estimates. The microblogging company’s active membership in the quarter reached 271 million, with year-over-year growth at 24 percent, compared with 25 percent in the prior period, Twitter said in a statement today. Sales more than doubled to $312.2 million

McDonald’s Corp. said Tuesday that the National Labor Relations Board informed it that it will start allowing workers filing labor complaints to treat the fast-food giant as a “joint employer” with its franchisees.