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10/27, 10:00 PM (Source: TeleTrader)
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Dow falls over 250 pts at close after mixed earnings

Stock exchanges on Wall Street closed mostly lower on Wednesday, with the Dow Jones Industrial Average index falling 266 points after the latest earnings reports showed mixed results. Ford and eBay are set to release their respective third-quarter updates after the closing bell. Meanwhile, Democrats are reportedly nearing a deal to finally pass social spending and infrastructure legislation in Congress.

The Dow Jones Industrial Average index was down 0.74% at the close, with Visa, its worst performer, declining 6.92% after it was reported that the company is under a United States Department of Justice investigation. The Nasdaq 100 grew 0.25% at the end of the trading session as Xilinx jumped 5.22%. The S&P 500 closed with a 0.51% loss. Pest control services company Rollins pulled the index down with a 10.81% drop.

The euro was flat compared to the dollar to change hands for 1.16013 at 3:59 pm ET.

Breaking the News / MS