Shares of companies that reported earnings can be blamed for the Dow Jones Industrial Average’s
DJIA,
-0.39%
early weakness, as cutting the Dow’s price by 132 points. Meanwhile, Dow futures
YM00,
-0.35%
fell 60 points, or 0.2%, while futures
ES00,
+0.13%
for the S&P 500
SPX,
+0.21%
rose 0.1%. Shares of Boeing Co.
BA,
-3.57%
fell 1.4% after the aerospace and defense giant reported a wider-than-expected first-quarter loss, with the implied price decline acting as a 23-point drag on the Dow. Microsoft Corp.’s stock
MSFT,
-2.93%
pulled back 2.6%, even after the software behemoth’s fiscal third-quarter results beat expectations, with the implied price drop shaving about 45 points off the Dow. And Amgen Inc. shares
AMGN,
-7.44%
slid 3.8% after the biotechnology company’s first-quarter profit missed expectations, with the implied price decline reducing the Dow’s price by 64 points.
