(CNBC) U.S. stocks were mixed on Wednesday, with Procter & Gamble's reduced earnings outlook weighing on the Dow industrials and the S&P little changed after its largest four-day rise in more than a year.
Deere & Co. gained after the maker of farm equipment posted a better-than-expected quarterly profit as its efforts to curb costs offset moderating demand for its tractors and other agricultural machinery. Amazon.com fell after UBS downgraded the online retailer to neutral from buy. FireEye declined after the technology company projected a worse-than-estimated first-quarter adjusted loss of between 51 cents and 56 cents a share.
The Dow Jones Industrial Average fell 0.2 percent, with Procter & Gamble off 1.8 percent after the Dow component and supplier of consumer goods cut its sales and earnings outlook for the year to reflect the devaluation of currencies in emerging markets.
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