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Financial Markets                      11/06 09:35

   

   NEW YORK (AP) -- Stocks are slipping in morning trading Thursday as 
investors pore over another batch of earnings reports from U.S. companies.

   The S&P 500 slipped 0.7%. The Dow Jones Industrial Average fell 310 points, 
or 0.7%, as of 10:03 a.m. Eastern time. The Nasdaq composite fell 1.1%.

   Corporate earnings and forecasts have been the big focus all week. The 
latest round of results and statements from executives could help shed some 
light on the condition and path ahead for the economy amid a lack of broader 
information on inflation, employment and retail sales because of the ongoing 
government shutdown.

   DoorDash sank 16.2% for one of the sharpest drops on Wall Street. The food 
delivery app warned investors that it will be spending significantly more on 
product development next year.

   Software company Datadog jumped 20.6% after its latest earnings beat 
analysts' forecasts. Rockwell Automation jumped 4.2% after turning in results 
that easily beat analysts' forecasts.

   It has been a wobbly week for major indexes, which set record highs last 
week. The broader stock market has had a record setting year, but that has 
raised worries that stocks could be overvalued. Those concerns are even more 
focused on big technology companies that have been leading the market higher 
amid the focus on artificial intelligence advancements.

   The latest round of earnings is being closely monitored to gauge whether the 
stock market's big values are justified. The results are also helping to fill 
in gaps in information because of the U.S. government shutdown, which is now 
the longest on record.

   European markets edged lower after a divided Bank of England kept its main 
interest rate unchanged. Asian markets closed higher. Treasury yields moved 
lower in the bond market.

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