NEW YORK (AP) — Weak earnings from several U.S. companies helped drag the stock market lower Friday, putting major indexes on course for their first weekly loss this month.
Expedia plunged 26 percent, the worst fall in the Standard & Poor's 500 index. The online travel agency reported earnings late Thursday that badly missed analysts' expectations. Higher costs were the main culprit. Expedia lost $16.71 to $48.30.
An hour after the opening bell, the Standard & Poor's 500 index was down six points, or 0.4 percent, to 1,683. Nine of the 10 industry groups in the S&P 500 fell.
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