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Stocks Close Down Amid Earnings Concerns



By TIM PARADIS, AP
14 April 2008 @ 04:07 pm EST

NEW YORK - Stocks have ended a quiet session moderately lower after investors spent the day grappling with concerns about the health of corporate profits.

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Quotes
WB 15.89 -0.1
PHG 32.41 -0.74

SYMBOL LOOKUP

U.S. bank Wachovia Corp. and Dutch conglomerate Royal Philips Electronics NV posted disappointing quarterly results Monday.

Investors appear to be pausing following a sell-off Friday and ahead of a raft of quarterly results and economic data arriving this week.

The Dow Jones industrial average is down about 23 at the 12,302 level.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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