US stocks open lower; Boeing plunges

Written By Unknown on Rabu, 16 Januari 2013 | 23.48

US stocks have fallen in early trading despite reports from leading Wall Street banks that bested expectations, as Boeing's 787 problems dinged sentiment.

After 15 minutes of trade, the Dow Jones Industrial Average was down 58.28 points (0.43 per cent) at 13,476.61.

The broad-based S&P 500 fell 4.08 (0.28 per cent) to 1468.26.

The Nasdaq Composite slipped 2.52 (0.08 per cent) to 3108.26.

The selling came as both JPMorgan Chase and Goldman Sachs reported fourth-quarter profits that bested expectations.

But US aerospace giant and Dow member Boeing fell 4.1 per cent following the latest problem with its 787 Dreamliner plane.


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