(CNBC) — U.S. stocks closed mixed Tuesday, amid major earnings reports and lower oil prices, ahead of the week's central bank meetings.
The defensive telecommunications and utilities sectors lagged in afternoon trade. U.S. crude oil futures settled half a percent lower, or 21 cents, at $42.92 a barrel.
The Dow Jones industrial average held about 50 points lower in afternoon trade, with McDonald's falling 4.5 percent for the greatest negative impact on the index. Earlier, the Dow fell 100 points in late-morning trade. Traders were chattering about a sell program.
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