NEW YORK (AP) — Stocks are opening mostly lower on Wall Street after several companies reported disappointing earnings.
Home builder PulteGroup plunged 9 percent to $16.89 after reporting a 14 percent plunge profits. Another major home builder, D.R. Horton, fell 7 percent to $19.62.
Technology shares fared better than the rest of the market.
Facebook soared 27 percent after reporting earnings late Wednesday that easily beat the forecasts of Wall Street analysts as mobile ad revenue rose.
The Dow Jones industrial average was down 65 points at 15,478 after the first few minutes of trading Thursday.
The Standard & Poor’s 500 index was down three at 1,683. The Nasdaq composite was up three points at 3,582.
The yield on the 10-year Treasury note climbed to 2.62 percent from 2.59 percent the day before.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
The Kansas Department of Transportation has reported the closing this week of rest areas a mile west of Junction City on I-70 which is expected to save the state more than $200,000 a year.
Tracking the threat of light wintry weather for Friday!
Kansas Senate Majority Leader Terry Bruce has hired a new staffer who previously worked as an intern for U.S. Sen. Jerry Moran.