Wall Street stocks snapped a two-session string of big gains yesterday as investors stepped back to take a closer look at a stream of third-quarter earnings reports.
Investors focussed on company comments on the outlook going into 1999.
The Dow Jones closed down 63.33 points having soared 270 points in the previous two sessions.
In the broader market, declining stocks beat advancing ones by 1,759 to 1,296 in active volume of 725 million shares of the New York Stock Exchange.
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The day's slide was triggered by profit-taking in the technology sector, a tumble in the Dow component, Eastman Kodak, which accounted for more than half the Dow's losses and the collapse of a huge merger between American Home Products and Monsanto.
