Donald Bren

Dow drops 69 points, but trims early dive Earnings warnings from Boeing, Sears worry investors

NEW YORK -- U.S. stocks fell yesterday for the second time in three days after Boeing Co. and Sears, Roebuck & Co. warned that their earnings would fall short of expectations, heightening concern that economic and profit growth will slow next year.

The Dow Jones industrial average fell 69 points, to 9,064.54, paring a 178-point loss earlier in the session. Boeing, the most-active stock in U.S. trading, accounted for about half of the decline.

The Standard & Poor's 500 index slipped 4.03, to 1,171.25. A late-day rally in drug stocks helped offset decline in aerospace and oil shares, including United Technologies Corp. and Amoco Corp. The Nasdaq composite index lost...

52°