Stocks Waver In Early Trade; Teen Retailers Slide

Comments:  | Leave A Comment

Stocks are little changed in early trading as investors pick over earnings reports from retailers and other U.S. companies.

The Standard & Poor’s 500 index was down a point at 1,876 in the first few minutes of trading Tuesday. The S&P 500 closed at record highs three times last week.

The Dow Jones industrial average fell 11 points, or 0.1 percent, to 16,406. The Nasdaq composite edged up a point to 4,335.

American Eagle Outfitters fell 6 percent after the company reported an 89 percent slide in its fourth-quarter net income as winter storms weighed on sales.

Urban Outfitters, another teen retailer, fell 5 percent after reporting its own results.

Bond prices held steady. The yield on the 10-year Treasury note was unchanged from late Monday at 2.78 percent.

Tags: »

Comments

blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 298 other followers