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US stock market indexes drift mostly lower as an early gain fades; Lorillard and P&G fall
Reported by: Associated Press
Reported: Wednesday, February 12, 2014 4:17 PM EST
Major U.S. stock indexes are ending mostly lower as a four-day rally peters out.
By the close of trading the Dow Jones industrial average was down 30 points, or 0.2 percent, at 15,963. It had been up as much as 42 points.
The Standard & Poor's 500 index edged down half a point to 1,819. The Nasdaq composite increased 10 points, or 0.2 percent, to 4,201.
Tobacco company Lorillard fell 5 percent, the most in the S&P 500 index, after missing analysts' estimates for income and revenue.
Procter & Gamble fell 2 percent after the company lowered its sales and earnings outlook due to declines in emerging market currencies.