Stocks falter in early trading

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NEW YORK (CNNMoney)

The Dow Jones Industrial Average, the S&P 500 and the Nasdaq dropped between 0.2% and 0.4%.

Investors were spooked by a report on durable goods orders that showed orders fell by 5.7% in March -- much worse than analysts had predicted.

Another batch of earnings also gave investors pause.

Boeing (BA, Fortune 500) was the biggest gainer on the Dow, after it reported an increase in profits, even as revenue was dinged by its grounded Dreamliners.

But AT&T (T, Fortune 500) and Procter & Gamble (PG, Fortune 500) offset those gains. AT&T's sales came up short, while Procter & Gamble cut its guidance.

Apple (AAPL, Fortune 500) beat expectations and announced it would raise its quarterly dividend and boost its stock buyback program. But the company still struggled with lower profits on the iPhone and iMac.

Ford (F, Fortune 500) also reported a jump in earnings, helped by sales in North America.

Related: High speed trading fueled Twitter crash

Shares of Juniper Networks' (JNPR) fell more than 7% after the company projected "continued weakness" in its earnings outlook late Tuesday.

Shares of Yum Brands (YUM, Fortune 500) jumped more than 6% after the fast-good restaurant operator reported earnings that topped Wall Street's low expectations.

Related: Fear & Greed Index, Drifting into neutral

Even with the errant tweet, U.S. stocks finished higher Tuesday.

European markets rose in afternoon trading, supported by continuing talk of a ECB rate cut following weak eurozone data. The Ifo German business climate index for April was weaker than expected.

Asian markets ended higher, with Japan's Nikkei adding 2.3%. Hong Kong's Hang Seng added 1.7% and the Shanghai Composite increased 1.6%.

The dollar rose against the euro and the Japanese yen, but fell against the British pound.

Oil and gold prices jumped.

The yield on the 10-year Treasury stayed flat at 1.70%.

First Published: April 24, 2013: 9:57 AM ET

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