(CNBC) U.S. stocks closed lower on Thursday as a deluge of mostly lackluster earnings pressured the major averages. ( Tweet This )
"I think in general the earnings have been mixed. We started pretty good and then in the last few days some of the tech companies have surprised the market," said Mark Luschini, chief investment strategist at Janney Montgomery Scott. "The last couple days have been sort of mixed and that's weighing on investors minds."
Stocks trimmed losses in the close. The Dow Jones industrial average ended about 119 points lower, off an early 146-point decline. The blue-chip index closed about half a percent lower for 2015, as Caterpillar and 3M each fell more than 3.5 percent. The Dow has closed in the red for the year exactly half the time so far.
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