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26 April 05: US Stocks Drop As Tuesday's Trading Opens


Disappointing earnings reports from some high-tech companies drove U.S. stock prices down in today's-Tuesday's early trading.

The Dow Jones Industrial Average was off 20 points at 10,223. The S&P 500 was down two points at 1,160, while the NASDAQ was down five points at 1,946.

European share prices were lower in midday trading. London's Financial Times index, the CAC-40 in Paris, and the DAX index in Frankfurt were all down four-tenths of a percent or more.

Earlier in Asia, Tokyo's Nikkei index lost 38 points to finish at 11,036. Hong Kong's Hang Seng index gained 109 points to end at 13,860.

The price of gold is up more than two dollars, trading at 437 dollars, two cents-an-ounce in New York.

The dollar in New York is up against the yen and the euro.

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