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NEW YORK (AP) — Stocks indexes are mostly lower in early trading on Wall Street as weakness in the technology sector pulls the broader market lower. Apple sank after reporting its first quarterly revenue decline in 13 years, and Twitter plunged after reporting revenue that fell short of forecasts and issuing a disappointing outlook. Energy companies bucked the downward trend and moved higher along with the price of crude oil.
WASHINGTON (AP) — More Americans have signed contracts to buy homes this month. The National Association of Realtors says its seasonally adjusted pending home sales index rose 1.4 percent to 110.5, the highest level since May 2015. The Northeast and the South posted the biggest regional gains. Western states registered a 1.8 percent drop in pending home sales. Pending sales contracts are a barometer of future purchases. A sale is typically completed a month or two after a contract is signed.
DETROIT (AP) — Ford is recalling nearly 202,000 pickup trucks, SUVs and cars in North America because the automatic transmissions can suddenly downshift to first gear. The recall covers the 2011 and 2012 F-150 and the 2012 Expedition, Mustang and Lincoln Navigator. Ford says a speed sensor can force vehicles into a downshift. The company says the problem has caused three crashes but no injuries. The company is also recalling over 81,000 Explorer SUVs to fix a rear suspension problem that can cause loss of steering control.
SPRING HILL, Tenn. (AP) — General Motors is expected to announce two factory investments today that could add more than 800 jobs at plants in Tennessee and Michigan. The company has scheduled news conferences at factories in Spring Hill, Tennessee, and Bay City, Michigan.
NEW YORK (AP) — McDonald's is testing Chicken McNuggets with no artificial preservatives as it works to revive its U.S. business. The world's biggest hamburger chain says it began testing the new recipe in about 140 stores in Oregon and Washington last month. It's the latest move by McDonald's as it works to stage a turnaround of its business, which has been losing customers in recent years.
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