|Published:||Oct 19, 2012 9:41 AM EDT|
|Updated:||Oct 20, 2012 6:31 AM EDT|
Microsoft and McDonald's are leading a broad decline in the stock market after both companies posted sub-par results for the third quarter.
The two stocks were the weakest in the Dow Jones industrial average in early trading Friday. Shortly after the opening bell the index was down 67 points at 13,481.
The Standard & Poor's 500 was down six points at 1,451 and the Nasdaq composite was off 17 points at 3,055.
Microsoft's income fell 22 percent as PC sales took a dive and as troubles in Europe took their toll. McDonald's profit fell 4 percent as a strong dollar hurt international results. Both stocks were down about 3 percent.
The yield on the 10-year Treasury note edged down to 1.81 percent from 1.83 percent late Thursday.