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8B Daily News – Wednesday, November 13, 2013 US stocks fall as earnings disappoint NEW YORK (AP) — Disappointing company earnings and falling oil prices pulled stocks back from record highs on Tuesday. NRG Energy slumped after the company lowered its earnings forecast, leading other power companies lower. News Corp. fell after the media company posted an unexpected revenue decline due to weakness at its Australian newspapers. Energy stocks declined after oil dropped to a five-month low. Winners included airlines. The gains were led by JetBlue Airways after the Justice Department said it cleared the way for American Airlines and US Airways to merge, creating the world's biggest airline. This year's 24 percent surge in the stock market has slowed in November. The Standard & Poor's 500 has edged up 0.6 percent this month after an average monthly increase of 1.7 percent in the previous 10 months. ''The market looks tired to us,'' said Jim Russell, a regional investment director at US Bank. ''A little bit of a pause is actually healthy,'' allowing the economy time to catch up to the gains the stock market has made. After closing at an alltime high on three of the previous four trading days, the Dow Jones industrial average fell 32.43 points, or 0.2 percent, to 15,750.67. The S&P 500 index dropped 4.20 points, or 0.2 percent, to 1,767.69 points. The Nasdaq composite edged up 0.13 point to 3,919.92. Six of the 10 industry groups in the S&P 500 index fell. Banks and utilities slid the most. NRG Energy was one of the biggest decliners in the S&P 500, slipping 98 cents, or 3.5 percent, to $27.06. News Corp. fell 27 cents, or 1.5 percent, to $17.15. Energy stocks fell broadly. Pioneer Natural Resources, an oil exploration company, dropped Need a Physician? The Over 25 years of experience STOVE JUNCTION BBQ PELLETS Doctors who listen ... Doctors who care. 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The U.S. economy expanded at an annual rate of 2.8 percent in the third quarter, up from 2.5 percent in the previous quarter and more than economists anticipated, the government reported last Thursday. That was followed by an unexpectedly strong October jobs report. ''Economic data has really come in strong of late,'' said Douglas Cote, chief market strategist at ING Investment Management. ''There's a lot of room for this market to continue higher in 2014.'' Investors will also be following Thursday's confirmation hearing for Janet Yellen, who has been nominated to succeed Fed Chairman Ben Bernanke. They'll look for clues about when the Fed may begin to scale back its economic stimulus. 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