**PLEASE NOTE THIS IS A PRESENTED MARKET REPORT**

Thomson Reuters Journalist Kelsey Hubbard says U.S. stocks fell after disappointing major multinational results.

SHOWS: NEW YORK, USA (JANUARY 23, 2015) (REUTERS - ACCESS ALL)

1. THOMSON REUTERS, JOURNALIST, KELSEY HUBBARD, SAYING:

U.S. stocks fell modestly on Friday, pressured by some disappointing results from major multinational companies which offset optimism triggered by the European Central Bank's recent decision to buy bonds and boost euro zone growth.

In economic data, U.S. home resales rose slightly by 2.4 percent in December, a hopeful sign as the housing market recovery looks to pick up pace in 2015.

Shares of The United Parcel Service slumped 9.7 percent after the company gave a fourth quarter earnings outlook that was below expectations, citing a disappointing performance in U.S. domestic ground shipments.

A pair of Dow components reported tepid results. McDonald's reported a drop in fourth quarter comparable sales, though the decline was narrower than expected shares added 0.2 percent. General Electric added 0.4 percent after reporting lower sales in its oil and gas unit, though overall earnings rose.

Shares of Starbucks perked up 5.6 percent a day after the coffee chain reported same store sales growth that was better than expected in its Americas region.

With 15 percent of S&P 500 companies having reported, 73.7 percent have topped earnings expectations while 53.9 percent have beaten on revenue, according to Thomson Reuters data. That compares with the long-term average of 63 percent for earnings and 61 percent for revenue.

Looking ahead with the ECB stimulus details known, U.S. corporate earnings will likely be the primary driver of trading over the next few weeks.