Stocks seem to be headed for another down day as more companies report poor earnings.

As of 11:05 a.m, the Dow Jones industrial average was down more than 250 points to 8,608.34 after a loss of 73 points yesterday. The Nasdaq composite index was down 45.19 points to 1,571.55 and the Standard & Poor’s 500 index was down 28.97 points to 890.24.

Starbucks Corp. announced that its profits fell 97 percent to $5.4 million, or 1 cent per share, in the fiscal fourth quarter from $158.5 million, or 21 cents per share, a year ago. Excluding the costs of closing about 600 stores in the United States and 61 locations in Australia, the coffee retail giant earned 10 cents per share.

Homebuilder Toll Bros. Inc. reported a 41 percent decline in fourth-quarter revenues from a year ago, and Chairman and CEO Robert Toll said the economic uncertainty made it difficult to predict a profit next year.

General Motors Corp., whose shares were at their lowest point in 60 years yesterday, said it would cut 1,900 factory jobs in addition to the 3,600 cuts announced last Friday.

Vodafone Group Plc, the world’s biggest mobile phone company by sales, and InterContinental Hotels Group PLC, owner of the Holiday Inn hotel chain, also announced earnings declines in the third quarter, a sign of a cutback in consumer spending.