Stocks Off On Apple Earnings - U.S. Commentary

(RTTNews) - Stocks are posting modest losses in the early stages of Tuesday's trading. An unimpressive earnings report from Apple and disappointing new home sales statistics are contributing to the retreat.

The Dow Jones Industrial Average is down 75 points, or 0.4 percent, to 18,094. The S&P 500 is lower by 10 points, or 0.5 percent, to 2,133. The Nasdaq is down 28 points, or 0.5 percent, to 5,255.

The early decline follows a slide during the previous session. Tuesday's decline also came amid the release of a spate of earnings reports.

Some new figures about the hosing market were released during early trading. Data showed that new home sales rose in September, though the increase was helped by revisions to figures from the previous month. The rate of sales came in below what economists had expected.

Data released by the U.S. Department of Commerce showed that new home sales rose 3.1 percent to an annual rate of 593,000. Economists had expected a rate of 601,000.

Shares of Apple Inc. (AAPL) are falling after the iPhone maker released a mixed earnings report. The company's profit trumped Wall Street expectations, while revenues fell short. Apple's stock is down $4.34, or 3.7 percent, to $113.91.