Another Record for Dow, but Other Indexes Close Lower

Amazon, Starbucks did not have a great day
By Newser Editors and Wire Services
Posted Jul 28, 2017 3:16 PM CDT
Another Record for Dow, but Other Indexes Close Lower
Trader George Ettinger, left, and specialist John McNierney work on the floor of the New York Stock Exchange, Wednesday, July 26, 2017.   (AP Photo/Richard Drew)

Stocks are closing mostly lower after Amazon and other big companies reported quarterly results that disappointed investors, the AP reports. Amazon lost 2.5% after its second-quarter profit fell far short of expectations as the company invested more money in its business. Starbucks sank 9.2% after issuing a weak forecast. The company is also closing down its Teavana stores. The Standard & Poor's 500 index lost 3 points, or 0.1%, to 2,472. The Dow Jones industrial average rose 33 points, or 0.2%, to 21,830, another record. The Nasdaq composite fell 7 points, or 0.1%, to 6,374. (More stock market stories.)

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