NEW YORK (CNNMoney)
The Dow Jones industrial average slipped 0.2%, while the S&P 500 and the Nasdaq lost 0.1%.
Nokia's (NOK) stock price dropped 10% after the Finnish cell phone company reported a 20% drop in quarterly sales.
Morgan Stanley (MS, Fortune 500) reported better-than-expected earnings and revenue, but weakness in traditional trading revenue weighed on the stock.
PepsiCo (PEP, Fortune 500) blamed a "devaluation of net monetary assets in Venezuela" for its quarterly profit slide, but shares gained ground.
Verizon (VZ, Fortune 500) shares edged higher after the company beat earnings forecasts but missed on revenue.
IBM (IBM, Fortune 500), Google (GOOG, Fortune 500) and Microsoft (MSFT, Fortune 500) are scheduled to report earnings after the close.
Aside from earnings, Apple's (AAPL, Fortune 500) shares remained under pressure a day after its stock fell nearly 6%. Apple was hampered by a negative sales forecast from iPhone supplier Cirrus Logic (CRUS).
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Shares of Carnival Corp. (CCL) rose after the cruise ship company said it planned to invest more than $600 million into fixing its disaster-prone toilets.
eBay (EBAY, Fortune 500) shares tumbled after the online-auction site offered weak second-quarter guidance on Wednesday.
U.S. stocks closed lower Wednesday, as disappointing earnings sparked a broad sell-off.
Related: I lost $50K in Bitcoin crash, but I'm still a believer
In economic news, the government said initial jobless claims increased by 4,000 to 352,000 in the week ended April 13. That was slightly below forecasts.
European markets rose in afternoon trading, as the German parliament reportedly backed a €10 billion bailout for Cyprus.
Asian markets ended mixed. The Shanghai Composite added 0.2%, while the Hang Seng declined 0.4% and the Nikkei lost 1.2%.
The dollar fell against the euro and the pound, but edged higher versus the Japanese yen.
Oil and gold prices edged higher.
The price on the 10-year Treasury rose, pushing the yield down to 1.69% from 1.70%,
First Published: April 18, 2013: 9:45 AM ET
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