U.S. stocks closed slightly lower on Tuesday as investors grappled with mixed earnings reports. The Dow Jones Industrial Average fell 13.43 points, or 0.08%, to 17,217.11. The S&P was off 2.89 points, or 0.14%, to 2,030.77. The Nasdaq Composite was down 24.50 points, or 0.50%, to 4,880.97.
Yahoo Inc. reported a disappointing 6.8% increase in revenue for the September and announced a search-advertising agreement with Google Inc. For the quarter ended in September, the company’s revenue rose to $1.226 billion from $1.148 billion, falling below the average analyst estimate of $1.256 billion on Thomson Reuters.
Chipotle Mexican Grill Inc.’s sales growth continued to slow in the third quarter, as the company also reported weaker-than- expected profit. For the period ended Sept. 30, Chipotle reported earnings of $144.9 million, or $4.59 a share, up from $130.8 million, or $4.15 a share, a year earlier.
Advanced fuel-saving technology and digital multimedia systems in vehicles, including the Tesla (TSLA.O) Model S sedan, are hurting reliability, Consumer Reports magazine found on Tuesday in its annual survey of vehicle reliability.
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