11:53 AM EDT, 10/23/2024 (MT Newswires) -- All three major US indexes were down in late-morning trading on Wednesday, as Treasury yields continued to rise, putting downward pressure on equities.

In company news, Boeing ( BA ) reported a Q3 adjusted loss Wednesday of $10.44 per diluted share, down from the $3.26 loss a year earlier and below the Capital IQ consensus analyst estimate calling for a loss of $8.82. Third-quarter revenue was $17.84 billion, down from $18.10 billion in the year-ago period and below the Capital IQ consensus of $17.94 billion. The company attributed the larger loss to the International Association of Machinists strike and previously announced charges on its commercial and defense programs. Striking Boeing ( BA ) employees will vote on a new wages and benefits proposal from Boeing ( BA ) later in the day. Shares of the company were down 2.7% near noon.

The US Centers for Disease Control and Prevention said late Tuesday that an E. coli outbreak in 10 states is linked to the McDonald's (MCD) Quarter Pounder hamburgers. The outbreak has resulted in one death and 10 hospitalizations, the agency said. McDonald's has stopped using some ingredients for the Quarter Pounder, and the burgers will temporarily be unavailable in some states, the CDC said. Shares of McDonald's were down 4.6%.

Goldman Sachs Group ( GS ) and Apple ( AAPL ) were ordered by the Consumer Financial Protection Bureau to pay over $89 million for alleged breakdowns in customer service and misrepresentations that impacted hundreds of thousands of Apple Card users, the agency said Wednesday. Goldman Sachs ( GS ) was ordered to pay at least $19.8 million in redress, a $45 million civil money penalty, and it is banned from launching a new credit card without providing a credible legal compliance plan. Apple ( AAPL ) was ordered to pay a $25 million civil money penalty. Shares of Goldman Sachs ( GS ) were down 0.2%, while those of Apple ( AAPL ) were down 1.0%.

Coca-Cola (KO) reported fiscal Q3 comparable net income of $0.77 per diluted share, up from $0.74 a year earlier and above the Capital IQ consensus analyst estimate of $0.75. Net operating revenue for the quarter was $11.85 billion, down from $11.95 billion a year earlier but above the Capital IQ consensus of $11.61 billion. The soft drinks giant said it now expects 2024 organic revenue growth of around 10%. Coca-Cola shares were down 2.3%.

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