Stocks slip on corporate news

U.S. stock markets slipped early Wednesday as the latest headline-generating corporate reports were uninspiring. Quarterly reports from brand name technology and financial firms put the brakes on Tuesday's 1.5 percent upswing in the Dow Jones industrial average. International Business Machines beat the forecast on earnings, but not on revenues. Stocks for Big Blue fell 2.46 percent. Intel Corp. shares dropped 1.88 percent. On the financial slate, JPMorgan Chase & Co. shares slid 0.46 percent. Bank of America was breaking even, up 0.06 percent. In midmorning trading, the DJIA shed 35 points, 0.27 percent to 13,080.54. The tech-dominated Nasdaq composite index dropped 1.80 points, 0.06 percent, to 3,041.02. The Standard and Poor's 500 index was off slightly, down 2.13 points, 0.15 percent, to 1,388.65. The 10-year treasury note rose 5/32 to yield 1.984 percent. The euro rose to $1.3129 from Tuesday's $1.3126. Against the yen, the dollar rose to 81.29 yen from Tuesday's 80.84 yen. In Tokyo, the Nikkei 225 index added 2.14 percent, 202.55, to 9,667.26.