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US stock markets fell Wednesday after three straight days of gains, as mixed company news highlighted weakness in the US and global economies.
The Dow Jones Industrial Average tumbled 52.75 points, or 0.40 percent, to 13,115.85 in the first five minutes of trade.
The tech-rich Nasdaq shed 12.40 (0.41 percent) at 3,003.46, while the S&P 500-stock index dropped 5.09 (0.36 percent) to 1,396.26.
“Mixed quarterly results from Dow member Walt Disney Co., as well as lackluster July same-store sales from fellow Dow component McDonald's Corp., are weighing on the blue-chip index,” Charles Schwab & Co. analysts said.
On Tuesday, US stocks rallied on hopes for more stimulus from the Federal Reserve and the European Central Bank to boost weak economies.
The Dow gained 0.4 percent, the Nasdaq rose 0.9 percent and the S&P 500 finished 0.5 percent higher. - Sapa-AFP
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