Weak earnings drag US stocks lower in early trade


Weak earnings drag US stocks lower in early trade

NEW YORK After hitting a record high the day before, the stock market moved lower in early trading Thursday as investors reacted to disappointing results from Best Buy, Citigroup and the railroad operator CSX.

Best Buy 2Q misses expectations; raises guidance

Best Buy Co., the largest U.S. electronics retailer, said Tuesday second-quarter results fell below expectations as sales at established stores fell. (3 mins ago)