New York • The stock market slipped Wednesday after rallying for six straight days as investors worked through another round of quarterly earnings reports from U.S. companies. Intuitive Surgical was among those reporting disappointed results. A worse-than-expected report on the housing market also weighed on the broader market.
KEEPING SCORE: The Standard & Poor's 500 index fell two points, or 0.1 percent, to 1,878 as of 11:10 a.m. Eastern. The Dow Jones industrial average fell 10 points, or 0.1 percent, to 16,504 and the Nasdaq composite lost 19 points, or 0.5 percent, to 4,142.
ROBOT REPAIR: Surgical robot make Intuitive Surgical dropped $39.90, or 10 percent, to $382.37. The company reported a 77 percent drop in first-quarter earnings. Intuitive Surgical sold only half has many robots in the last quarter as it did in the same period a year ago. The company warned two weeks ago that earnings would come in far below expectations, causing its stock to fall sharply from a recent high of $540.63 reached April 3.