New York • U.S. stocks fell in early trading Thursday as investors reacted to some disappointing earnings reports and assessed the implications of the approaching end to economic stimulus from the Federal Reserve. That stimulus has underpinned gains in the stock market for years.
KEEPING SCORE: The Standard & Poor's 500 index dropped 16 points, or 0.8 percent, to 1,953 as of 10:13 a.m. Eastern time. The Dow Jones industrial average fell 121 points, or 0.8 percent, to 16,760. The Nasdaq composite dropped 39 points, or 0.9 percent, to 4,422.
ORGANIC MAINSTREAM: Whole Foods Market fell $1.86, or 4.8 percent, to $37.27 after reporting quarterly sales that fell shy of Wall Street expectations. The upscale grocer also lowered its sales forecast for the year. That raised worries about the intensifying competition Whole Foods is facing. The company, based in Austin, Texas, has enjoyed growth as more Americans move to eat diets they feel are wholesome. More recently, however, it products have become more mainstream.