NEW YORK: Wall Street stocks fell on Thursday , pulling back from records with several prominent companies, including Tesla and American Airlines suffering bruising declines following disappointing earnings reports.
"Good news has become bad news with the fear that the Fed will not be as accommodating as anticipated," said Quincy Krosby of Prudential Financial.The broad-based S&P 500 shed 15.89 points to 3,003.67, while the tech-rich Nasdaq Composite Index tumbled 82.96 points to 8,238.54.A heavy schedule of corporate earnings battered shares of some companies that disappointed, including Tesla, which plunged 13.6 per cent, Ford, which sank 7.8 per cent and chemical giant Dow, which shed 3.