Stocks fall in early afternoon on mixed earnings

By Bernard Condon

Published May 6, 2014 5:04pm ET

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Stocks fall in early afternoon on mixed earnings — FILE - In this Friday, May 2, 2014 file photo, trader David O'Day works on the floor of the New York Stock Exchange. U.S. stock futures are trading lower as investors await comments from Federal Reserve Chair Janet Yellen, scheduled to address Congress on the economy. A new report Tuesday, May 6, 2014, shows that housing prices rose in March, but at a slower pace than a month earlier. (AP Photo/Richard Drew, File) | Richard Drew

NEW YORK (AP) — Stocks are falling in early afternoon trading Tuesday following mixed earnings from U.S. companies. Home builder stocks fell broadly after more signs of weakness in the housing market.

KEEPING SCORE: The Standard & Poor’s 500 index dropped seven points, or 0.4 percent, to 1,876 as of 12:51 p.m. Eastern time. The Dow Jones industrial average fell 83 points, or 0.5 percent, to 16,446. The Nasdaq composite fell 21 points, or 0.5 percent, to 4,116.

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