Stocks closed little changed on Wall Street on Thursday as investors looked over a big batch of earnings reports from U.S. companies.
Ryder System, a truck leasing company, dropped 8% after reporting earnings that fell far short of what Wall Street analysts expected.
Ralph Lauren plunged 12% after announcing that Stefan Larsson, who took over as CEO from the eponymous Ralph Lauren less than two years ago, is leaving the company.
The Standard & Poor’s 500 index edged up 1 point, less than 0.1%, to 2,280.
The Dow Jones industrial average fell 6 points, less than 0.1%, to 19,884. The Nasdaq composite fell 6 points, or 0.1%, to 5,636.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.48%.
Article by Associated Press.