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LEAD: N.Y. stocks fall slightly on dismal earnings by Swiss bank.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, Nov. 3 Kyodo

(EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. : UPDATING WITH END OF TRADING)

New York stocks fell moderately Tuesday as investors were discouraged by dismal earnings by a Swiss bank.

The Dow Jones Industrial Average Dow Jones Industrial Average

The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange.
, which rose 76.71 points Monday, shed 17.53 points to end at 9,771.91.

The tech-heavy Nasdaq Composite Index Nasdaq Composite Index

An index that indicates price movements of securities in the over-the-counter market. It includes all domestic common stocks in the Nasdaq System (approximately 5,000 stocks) and is weighted according to the market value of each listed
, which inched up 4.09 points the previous day, declined 8.12 points to 2,057.32.

UBS AG reported a net loss of 564 million Swiss francs in the third quarter in a turnaround from a net profit of 283 million francs during the same period last year.

Selling stemming from the dismal business results of the Swiss bank more than offset buying backed by billionaire investor Warren Buffett's plan to buy major railway operator Burlington Northern Santa Fe, market analysts said.
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Publication:Japan Weekly Monitor
Date:Nov 9, 2009
Words:137
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