NEW YORK -- Stocks halted a three-session rebound today, with disappointment over Eastman Kodak Co.'s latest quarterly report weighing down the blue-chip group. Dow off 63.33
The Dow Jones industrial average finished 63.33 points lower at 7,938.14 after recovering from a 116-point slide that briefly put the blue-chip measure below this year's starting point, 7,908.25.
Broader indexes also pulled back, with the technology-heavy Nasdaq composite index posting the biggest loss after bouncing nearly 200 points from Thursday's low. The Standard & Poor's 500 fell 2.83 to 994.88 and the Nasdaq index dropped 36.63 to 1,509.45.
Decliners beat advancers by a 4-to-3 margin on the New York Stock Exchange, with 1,310 up, 1,779 down and 436 unchanged. NYSE volume was 725.88 million shares vs. 688.26 million yesterday.
The NYSE composite index was down 0.81 at 492.14, and the American Stock Exchange composite index was down 3.15 at 577.86.
The Russell 2000 index of smaller companies fell 5.29 to 320.33.
The 30-year Treasury bond rose 9/32 to 106 4/32, with the yield falling to 5.10 percent.
The Dow took the equivalent of a nearly 50-point hit from Kodak, which reported a third-quarter profit of $398 million. The 72 percent improvement from last year's third-quarter beat forecasts, but analysts bristled at a 10 percent drop in sales and an uninspiring fourth-quarter update. Kodak's shares tumbled $11.19 to $72.371/2
Among drug companies, Johnson & Johnson reported a 12.4 percent profit gain and advanced $1.28 to $77.72 but Pfizer Inc., reporting disappointing earnings after the close, fell $5.50 to $87.50.