Stocks edge lower on Wall Street; Coke sinks

Associated Press SHARE

NEW YORK (AP) — Stocks are opening slightly lower on Wall Street as traders are mostly unimpressed with the latest batch of corporate earnings.

Coca-Cola dropped 3 percent to $39.74, the worst drop in the Dow Jones industrial average, after reporting a slump in soda sales in North America.

The Dow was down 15 points, or 0.1 percent, to 15,469 points after the first few minutes of trading Tuesday.

The Standard & Poor's 500 index was down two points, also 0.1 percent, to 1,680. The S&P has risen for the previous eight days, its longest winning streak since January.

The Nasdaq composite was down a point at 3,606.

Johnson & Johnson rose 1 percent to $91.33 after reporting that its second-quarter profit more than doubled thanks to higher sales of medicines and medical devices.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.