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US stocks move lower in quiet trade

Published on NewsOK Modified: August 12, 2014 at 3:17 pm •  Published: August 12, 2014
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NEW YORK (AP) — Stocks are closing lower following two days of gains as investors focus on problems in Ukraine and Iraq.

Energy stocks fell more than the rest of the market, dragged down by a decline in the price of crude oil.

The Dow Jones industrial average lost nine points, or 0.1 percent, to close at 16,560 Tuesday. The Standard & Poor's 500 index fell three points, or 0.2 percent, to 1,933.

The Nasdaq composite fell 12 points, or 0.3 percent, to 4,389.

Kate Spade plunged 25 percent after executives for the handbag company warned that sales growth would slow this year.

U.S. government bond prices fell. The yield on the 10-year Treasury note rose to 2.45 percent.