US stocks down as investors digest earnings

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FILE - In this Feb. 10, 2011 file photo, American flags fly in front of the New York Stock Exchange, in New York. Stock futures edged higher Tuesday, July 15, 2014, as investors digested mixed U.S. retail sales data and several corporate earnings reports. The latest earnings from Johnson & Johnson and JPMorgan Chase both beat Wall Street's expectations. (AP Photo/Mark Lennihan, File)

U.S. financial markets drifted mostly lower in afternoon trading Tuesday as investors pored through a batch of company earnings and digested the Federal Reserve’s latest assessment of the U.S. economy. In remarks to Congress, Fed Chair Janet Yellen raised the possibility the Fed could raise its key short-term interest rate sooner than currently projected.


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