NEW YORK (AP) — Stocks are mixed in early trading as investors sort through earnings reports and weigh another sign that Europe’s credit crisis isn’t solved.
Moody’s warned late Monday that it may downgrade France’s top-notch credit rating in the next three months. On Tuesday, that country’s finance minister said that the French economy may slow down next year.
Several big companies reported earnings before the market opened. Bank of America, Goldman Sachs, and Coca-Cola each gained after reporting third-quarter results. International Business Machines dropped 4 percent after missing estimates.
Five minutes after the market opened, the Dow was down 42 points, or 0.4 percent, to 11,354. The S&P 500 rose less than a point to 1,201. The Nasdaq fell 1, or 0.1 percent, to 2,614.