Stocks are falling in early trading as investors sift through another stream of earnings reports and await the release of key housing data.

The National Association of Realtors issues its report on existing home sales for June at 10 a.m. EDT. Sales are expected to have fallen after rising slightly in May.

Among the day’s earnings reports, Motor Co. reported a big loss, and Dow Chemical Co. said higher costs for raw materials sent its earnings down sharply. Drugmakers Bristol-Myers Squibb Co. and Eli Lilly & Co. both reported higher earnings as the weak dollar boosted foreign sales

The Dow Jones industrial average is down 47 at the 11,585 level.