Earnings Report

___ Tech companies lead another steep sell-off in US stocks NEW YORK (AP) —Another torrent of selling gripped Wall Street Wednesday, sending the Dow Jones Industrial Average plummeting more than 600 points and extending a losing streak for the be nchmark S&P 500 index to a sixth day.

Stocks closed sharply lower on Wall Street Wednesday, led by a swoon in technology companies that erased the S&P 500 and the Dow Jones Industrial Average's gains for the year.

Tesla has spent aggressively to develop the Model 3, its first attempt at a mass-market sedan.

The Latest on Tesla's quarterly results (all times local): 4:57 p.m. Tesla Motors delivered on CEO Elon Musk's promise to make money during its latest quarter after fulfilling his pledge to boost production of its first electric car designed for the mass market.

The shipping giant is hiring 100,000 seasonal employees and increasing capacity to handle the volume.

The Latest on Ford's third quarter earnings (all times local): 4:15 p.m. Ford Motor Co.'s net profit fell 37 percent in the third quarter as sales slowed in the U.S. and China.

Boeing is topping expectations for the third quarter and raising its outlook for the year on burgeoning defense spending.

Norfolk Southern Corp. (NSC) on Wednesday reported third-quarter net income of $702 million.

Freeport-McMoRan Inc. (FCX) on Wednesday reported third-quarter profit of $556 million.

The aerospace giant reported earnings per share of $3.58.

AT&T also lost 359,000 satellite television subscribers.

AT&T Inc. (T) on Wednesday reported third-quarter net income of $4.72 billion.