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The Journal Gazette

Tuesday, July 16, 2013 11:48 am

Stocks edge lower on Wall Street; Coke sinks

The Associated Press

Stocks are moving lower on Wall Street after the latest batch of corporate earnings failed to impress investors.

Coca-Cola fell 2 percent to $40.22, the biggest drop in the Dow Jones industrial average, after reporting a slump in soda sales in North America.

The Dow was down 45 points, or 0.3 percent, to 15,437 at noon Eastern time Tuesday.

The Standard & Poor's 500 fell eight points, or 0.4 percent, to 1,674. The S&P rose for the previous eight days, its longest winning streak since January.

The Nasdaq composite fell 16 points, or 0.4 percent, to 3,591.

Heidrick & Struggles International plunged 16 percent to $14.95 after the executive search firm said it is longer pursuing a sale of its business and that its CEO is stepping down.