Wall St. mixed as earnings offset merger news

April 21, 2015 4:00 PM

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Wall St. mixed as earnings offset merger news

(Reuters) - Stocks ticked lower on Tuesday, with the Dow industrials weighed by companies reporting earnings while the Nasdaq gained on the back of a proposed merger in the biotech sector.

Travelers (TRV.N), DuPont (DD.N) and IBM (IBM.N) weighed the most on the Dow industrials. DuPont reported lower sales in all of its businesses and said a strong dollar would take a toll on its full-year earnings. IBM also mentioned currency effects when it reported a fall in revenue late on Monday.

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