The Dow closed down -8.06 (-0.06%) at 13,548.94.
Microsoft (MSFT) reported after the close that its fiscal first-quarter profit fell, hurt by a dip in sales of personal computers running its Windows operating system. Microsoft’s net income for the computer software fell to $4.47 billion (53 cents per share) vs. $5.74 billion (68 cents per share) a year earlier. This is a decline of 22.2% from the year-earlier quarter. Revenue fell 7.9% to $16.01 billion from the year-earlier quarter. Microsoft Corporation earnings fell short of the mean analyst estimate of 65 cents per share. It also fell short of the average revenue estimate of $18.11 billion.
There were 18 Dow stocks up, led by TRV (+3.59%), VZ, JNJ, MRKDD, UTX, BA and T.
PG was unchanged and the 11 losers were led by AXP -2.96%), IBM, MCD, JPM, WMT, INTC and CSCO.
The dollar was down against the euro and British pound, but rose against the Japanese yen.
Oil for November delivery slipped 2 cents to settle at $92.10 a barrel.
Gold futures for December delivery lost $8.30 to end at $1,744.70 an ounce.
The price on the benchmark 10-year U.S. Treasury was down, pushing the yield up to 1.82% from 1.81% late Wednesday.