National News

Mar 11, 2014 11:05 AM by ASSOCIATED PRESS

Stocks waver in early trade; Teen retailers slide


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.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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