U.S. Stocks Decline, Preventing Longest Dow Streak Since 1995
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U.S. stocks slid, preventing the longest stretch of weekly gains for the Dow Jones Industrial Average since 1995, as unrest in Egypt triggered the biggest one-day drop since November and overshadowed higher-than-projected earnings at companies from Intel Corp. to DuPont Co.
Ford Motor Co. and Amazon.com Inc. lost more than 3.5 percent after their earnings and forecast, respectively, missed estimates. American Express Co., Bank of America Corp. and Johnson & Johnson posted weekly losses exceeding 4.2 percent after protesters in Egypt challenged Hosni Mubarak’s 30-year presidency. Intel and DuPont climbed at least 3 percent.