Travellers, Verizon, and Johnson & Johnson are all down after earnings.
The three stocks are helping pull the Dow down 132 points (and because the Dow is a price-weighted index, stocks with higher per-share prices jolt the index around more).
The companies actually posted solid earnings, but have fallen this morning nonetheless.
Travellers reported $2.68 earnings per share, better than the $US2.16 estimate. The stock is trading down 2%.
Verizon posted $US0.66 EPS, beating the Wall Street consensus by a penny. It’s trading down almost 2% also.
Finally, Johnson & Johnson beat earnings expectations by $US0.04, but guided 2014 estimates toward the lower end of market expectations and is also down 2%.
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