NEW YORK, Aug. 9 (Xinhua) -- U.S. stocks closed lower on Wednesday as investors continued to watch more earnings reports.
The Dow Jones Industrial Average lost 36.64 points, or 0.17 percent, to 22,048.70. The S&P 500 erased 0.90 points, or 0.04 percent, to 2,474.02. The Nasdaq Composite Index was down 18.13 points, or 0.28 percent, to 6,352.33.
The Walt Disney Company posted better-than-expected quarterly earnings but its sales missed market expectations. The media giant's stock slumped over 6 percent after the announcement.
With 90 percent of S&P 500 companies' earnings now reported following the fourth week of earnings season, results have exceeded analysts' expectations, with earnings growth tracking over 9 percent year-on-year, according to the latest BofA Merrill Lynch Global Research report.
Moreover, the market was also under pressure amid tensions between the United States and the Democratic People's Republic of Korea. Enditem
