Share “Stocks waver in midday trade; Teen...”

Stocks waver in midday trade; Teen retailers slide

Published on NewsOK Modified: March 11, 2014 at 10:58 am •  Published: March 11, 2014
Advertisement

Stocks are wavering in midday trading as investors evaluate a thin slate of corporate financial results and news that wholesale businesses increased their stockpiles in January.

The Standard & Poor's 500 index was down a point at 1,876 as of noon Eastern time Tuesday. The S&P 500 closed at record highs three times last week.

The Dow Jones industrial average fell 17 points, or 0.1 percent, to 16,402. The Nasdaq composite edged up four points, or 0.1 percent, to 4,338.

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.

The yield on the 10-year Treasury note edged up to 2.79 percent.


AROUND THE WEB

  1. 1
    Facebook Takes a Step Into Education Software
  2. 2
    50 incredible bars you should drink at in your lifetime
  3. 3
    Kim Davis is a Democrat. Why does that matter?
  4. 4
    Watch Oklahoma's top mental health officer dress, dance as Michael Jackson
  5. 5
    Tahlequah police tighten patrols in response to high-profile cases of violence toward officers
+ show more

FEATURED JOBS



× Trending business Article