The Canadian PressJanuary 16, 2014 17:52
NEW YORK, N.Y. - Stocks are ending mostly lower after several companies turned in disappointing earnings news, including Best Buy, Citigroup and the railroad operator CSX.
The Dow Jones industrial average fell 64 points, or 0.4 per cent, to 16,417 Thursday.
Best Buy plunged 29 per cent after the electronics retailer reported disappointing holiday sales, raising questions about whether it can turn its fortunes around.
A weak earnings forecast from CSX late Wednesday dragged that stock and other railroads lower. CSX dropped 7 per cent.