US stocks edge lower in midday trading

NEW YORK (AP) — Stocks are edging lower in midday trading after indexes closed last week at record highs.

The Dow Jones industrial average slipped 40 points, or 0.2 percent, to 16,907 as of noon Eastern time Monday. The Standard & Poor's 500 index fell two points, or 0.1 percent, to 1,960. The Nasdaq composite lost five points, or 0.1 percent, to 4,362.

Micros Systems rose 3 percent after the business software maker Oracle said it was buying the company for $5.3 billion. Wisconsin Energy fell 2 percent following news that the company would buy Integrys Energy. Integrys rose 13 percent.

The yield on the 10-year Treasury note was little changed at 2.60 percent. The price of crude oil dropped 77 cents, or 0.8 percent, to $106.06 a barrel.

Related Headlines

  • Patrick McKeon

    Stocks climb; Fourth straight gain for S&P 500

    Stocks are closing higher, giving the Standard & Poor's 500 index its fourth gain in a row. Investors were encouraged by a report that orders for big-ticket items unexpectedly ... 

  • Stocks mostly lower after latest record high

    Stocks are mostly lower in midday trading after setting a record high the day before. Botox maker Allergan fell 4 percent after Valeant Pharmaceuticals made a new unsolicited ... 

  • US stocks open higher ahead of Fed minutes

    Stocks are opening higher as investors wait for the minutes from the Federal Reserve's most recent policy meeting. Tiffany rose 9 percent after the company said its earnings ... 

  • John Santiago, William McInerney

    S&P 500 trades above 1,900 points for first time

    The Standard & Poor's 500 index traded above 1,900 points for the first time but closed just shy of that milestone. The closely watched U.S. stock market indicator traded as ... 

Find the best rates

Find your future job here