New York – Stocks are slipping in morning trading Thursday as investors pore over another batch of earnings reports from U.S. companies.

The S&P 500 slipped 0.7%. The Dow Jones Industrial Average fell 310 points, or 0.7%, as of 10:03 a.m. Eastern time. The Nasdaq composite fell 1.1%.

Corporate earnings and forecasts have been the big focus all week. The latest round of results and statements from executives could help shed some light on the condition and path ahead for the economy amid a lack of broader information on inflation, employment and retail sales because of the ongoing government shutdown.

DoorDash sank 16.2% for one of the sharpest drops on Wall Street. The food delivery app warned investors that it will be spending significantly more on product development next year.

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