iStock/Thinkstock(NEW YORK) — Wall Street closed lower Tuesday as earnings season began by missing investors’ expectations.
The Dow sunk 200.38 (-1.09 percent) to finish at 18,128.66.
The Nasdaq dropped 81.89 (-1.54 percent) to close at 5,246.79, while the S&P 500 finished at 2,136.73, down 26.93 (-1.24 percent) from its open.
Crude oil slid 1 percent with prices hitting under $51 a barrel.
Alcoa: Alcoa Inc. kicked off earnings season by reporting third-quarter revenue and profit that missed investors’ expectations. The aluminum company’s shares tumbled 11 percent on the earnings miss.
Comcast: The Federal Communications Commission has fined Comcast a record $2.3 million for over-billing customers, making it the largest fine the FCC has ordered for a cable operator, according to an FCC release. Customers were charged for services and channels they did not want, the FCC said, but Comcast said many of the complaints were the result of customers’ confusion. Comcast shares fell 1 percent Tuesday on the news.
McDonald’s: As reports of creepy clown sightings are spreading across the U.S., McDonald’s Ronald McDonald may be keeping a lower profile this month.
In a statement to ABC News, Terri Hickey of McDonald’s Global Communications said, “McDonald’s and franchisees in the local markets are mindful of the current climate around clown sightings in communities and as such are being thoughtful in respect to Ronald McDonald’s participation in community events for the time being.”
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