US stocks fall on weak earnings reports
US stocks fall on weak earnings reports Updated: 05:00, Friday February 1, 2013 Facebook shares have fallen nearly six per cent on opening, leading the markets lower in starting trade also hit by poor earnings from Dow Chemical.
Stocks fell broadly, amid a mixed batch of earnings reports, after weak economic data coupled with concern over monetary tightening in China spurred a risk aversion trade on economic jitters.