NEW YORK, July 21 (UPI) -- Weak earnings in key sectors drove U.S. stocks sharply down Wednesday during a see-saw session that started off with a big surge upward.
But by the day's end, the Dow Jones industrial average had fallen 102.94 or 1.01 percent to 10,046.13 on a volume of 1.68 billion shares.
The Nasdaq composite index dropped 42.70 or 2.23 percent to 1,874.37, and the Standard & Poor's 500 index lost 14.79 or 1.33 percent to 1,093.88.
J.P. Morgan Chase reported a net loss, and Merck saw its shares slip after it reported net income down, the Wall Street Journal reported Wednesday. Motorola also reported a loss.
The 10-year Treasury note fell less than a quarter point, or $2.50 for each $1,000 invested, for a 4.474 percent yield.
The dollar climbed to 109.86 yen from 108.71, as the euro fell against the dollar to $1.2256 from $1.2328.
London's FTSE 100 hit 4,377.30 after gaining 37.90 or 0.87 percent and Tokyo's Nikkei 225 gained 175.49 points or 1.6 percent at 11,433.86.
