Share “Stocks give up an early gain, mixed at midday”

Stocks give up an early gain, mixed at midday

Published on NewsOK Modified: August 4, 2014 at 11:00 am •  Published: August 4, 2014
Advertisement

U.S. stocks are losing momentum in midday trading following a major sell-off last week that put caution back into the market.

The Dow Jones industrial average fell 16 points, or 0.1 percent, to 16,477 as of noon Eastern time Monday.

The Standard & Poor's 500 index was little changed at 1,925 and the Nasdaq composite edged up nine points, or 0.2 percent, to 4,362.

The S&P 500 index is coming off its worst week since June 2012.

Utilities stocks lagged the rest of the market. Duke Energy fell 2 percent.

Michael Kors dropped 7 percent after the fashion company reported that its profit margin shrank for the second consecutive quarter.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.47 percent.


AROUND THE WEB

  1. 1
    Police find hatchet, protective gear in house where Bever family members were slain
  2. 2
    Oklahoma City police: Two arrested after woman sexually assaulted in work freezer
  3. 3
    OU football fans among Top 10 ... in grammar
  4. 4
    Wrestling legend Jimmy 'Superfly' Snuka charged in girlfriend's 1983 death
  5. 5
    Pop culture: Mike Tyson added to Wizard World Tulsa guest list
+ show more

FEATURED JOBS



× Trending business Article