U.S. stocks edged lower after a handful of disappointing earnings reports. The moves added to Monday's declines, pulling major U.S. indexes further away from recent record highs. Most reports so far have been solid, if unspectacular. With 159 companies in the S&P 500 reporting, earnings in the index are on track to contract 4.5% in the second quarter from the prior year, marking the fifth consecutive quarter of earnings declines, according to FactSet.
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