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US stocks slide early on earnings, overseas woes

Associated Press
FILE - In this Thursday, Jan. 30, 2014, file photo, Trader Patrick McKeon, center, works on the floor of the New York Stock Exchange. Global stocks fell on Friday Jan. 31, 2014 after a drop in eurozone inflation showed the recovery is still weak there and concern persisted over the outlook for emerging economies. (AP Photo/FILE)
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FILE - In this Thursday, Jan. 30, 2014, file photo, Trader Patrick McKeon, center, works on the floor of the New York Stock Exchange. Global stocks fell on Friday Jan. 31, 2014 after a drop in eurozone inflation showed the recovery is still weak there and concern persisted over the outlook for emerging economies. (AP Photo/FILE)

NEW YORK (AP) — The U.S. stock market is opening sharply lower as investors fret over disappointing earnings and more trouble in overseas markets.

The Dow Jones industrial average dropped 226 points, or 1.4 percent, to 15,625 moments after the market opened Friday. The Standard & Poor's 500 index lost 22 points, or 1.2 percent, to 1,772. The Nasdaq dropped 43 points, or 1.1 percent, to 4,079.

Disappointing results and outlooks from retailers left investors uneasy. Amazon fell 8 percent after it reported earnings that fell short of expectations. Wal-Mart cut its outlook.

Currencies for several countries fell against the dollar as turmoil in emerging markets flared up once again.

It's been a tough January for investors. The Dow is down 5 percent, while the S&P 500 index has lost 4 percent.

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