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US stocks fall for second day, as earnings loom

Published on Jan 9, 2013 6:14 AM

NEW YORK (AFP) - US stocks sank for a second day on Tuesday as the fourth quarter earnings season opened and as confidence slipped after last week's big gains.

At the close the Dow Jones Industrial Average was down 55.44 points (0.41 per cent) at 13,328.85.

The broad-based S&P 500 fell 4.74 (0.32 per cent) to 1,457.15, while the tech-heavy Nasdaq Composite lost 7.00 (0.23 per cent) at 3,091.81.

The fall paralleled the trend around the world, with markets in Asia and Europe mostly finishing modestly lower in the absence of much positive news.

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