Wall St. dips on earnings, but set to end week strong
U.S. stocks fell modestly on Friday, pressured by some disappointing results from major multinational companies which offset optimism triggered by the European Central Bank's recent decision to buy bonds and boost euro zone growth. Wall Street jumped on Thursday, with the S&P 500 and Nasdaq returning to positive territory for the year, after the ECB detailed a bigger-than-expected bond-buying program to lift the region's sagging economy and fight deflation. United Parcel Service Inc gave a fourth-quarter earnings outlook that was below expectations, citing a disappointing performance in U.S. domestic ground shipments.
