NEW YORK -- Stocks fell modestly today as an encouraging string of profit reports was disturbed by some disappointing news from Boeing Co. and AlliedSignal Inc. Dow off 25.79
The Dow Jones industrial average fell 25.79 points to 8,034.65 after nearly erasing an earlier 66-
point deficit.
The Dow had risen a combined 213 points on Monday and yesterday, quickly recovering last week's heavy losses.
Decliners led advancers by a 4-to-3 margin on the New York Stock Exchange, with 1,228 up, 1,649 down and 543 unchanged. NYSE volume totaled 612.24 million shares vs. 581.79 million yesterday.
Most broad-market measures also paused in this week's rebound, which was triggered by strong third-quarter reports from IBM, Microsoft, Citicorp, Chase Manhattan and AT&T.
The Standard & Poor's 500-stock list fell 3.79 to 968.49, the NYSE composite index dropped 1.39 to 508.80, and the Nasdaq composite index lost 4.56 to 1,707.98.
The Russell 2000 index of smaller companies fell 0.69 to 458.24, but the small-company dominated American Stock Exchange composite index rose 1.38 to 713.74.
Meanwhile, the price of the Treasury's main 30-year bond was down 3/32 point, or nearly 94 cents per $1,000 in face value, by late afternoon, while its yield held at late yesterday's 6.41 percent.
Today, 3M and United Technologies stepped forward with better-
than-expected results for the July-
September period, but AlliedSignal failed to meet forecasts by a small margin and Boeing warned that it will post an unexpected loss for the quarter.