Stocks can't find traction Wednesday

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NEW YORK, April 18 (UPI) -- U.S. stock markets slipped Wednesday as the latest headline-generating corporate reports were uninspiring.

Quarterly reports from brand name technology and financial firms put the brakes on Tuesday's 1.5 percent upswing in the Dow Jones industrial average.

International Business Machines beat the forecast on earnings, but not on revenue. Stocks for Big Blue fell 3.53 percent. Intel Corp. shares dropped 1.83 percent.

On the financial slate, JPMorgan Chase & Co. shares slid 1.39 percent. Bank of America was breaking even on the day.

By close of trading, the DJIA shed 82.79 points, 0.63 percent to 13,032.75. The tech-dominated Nasdaq composite index dropped 11.37 points, 0.37 percent, to 3,031.45. The Standard and Poor's 500 index gave up 5.64 points, 0.41 percent, to 1,385.14.

On the New York Stock Exchange, 1,005 stocks advanced and 2,020 declined on a volume of 3.3 billion shares traded.

The 10-year treasury note was yielding 1.979 percent.

The euro fell to $1.3118 from Tuesday's $1.3126. Against the yen, the dollar rose to 81.26 yen from Tuesday's 80.84 yen.

In Tokyo, the Nikkei 225 index added 2.14 percent, 202.55, to 9,667.26.

In London, the FTSE 100 index slid 0.38 percent, 21.66, to 5,745.29.