Wed, 25 Jan 2012 16:08:51 GMT
S&P drops on earnings reports
S&P 500 Index slightly declined on Tuesday, pressed down by Zions and Travelers Cos disappointing earnings reports. US benchmark gauge gave up 0.1% or 1.35 points and closed at 1,314.65. Zions Bancorporation lost 7.6%, as it posted 4th quarter earnings $0.24 per share, compared to expected $0.33 per share. Peabody Energy lost 1.7% after reporting lower than expected forecast for