Economy

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

  • Stocks head higher in early trade; J&J gains

    Stocks are opening higher on Wall Street as big-name U.S. companies turn in their latest financial results. Johnson & Johnson and Coca-Cola both rose after reporting their ... 

  • Michael Smyth, Greg Mulligan

    Stocks edge higher ahead of latest jobs survey

    Stocks indexes are edging higher as investors become more optimistic about the outlook for the U.S. economy. Traders are looking ahead to the government's monthly survey of ... 

  • Jason Hardzewicz

    US stocks move higher as company earnings impress

    Stock prices are moving higher in midday trading as more companies deliver strong earnings reports. Merck, Ameriprise Financial and the diesel engine maker Cummins were among ... 

  • Danile Trimble

    Stocks head higher for a third day

    Stocks are moving higher for a third day running, putting the Standard & Poor's 500 index back at a record high. The S&P 500 rose seven points, or 0.4 percent, to 1,879 in the ... 

Find the best rates

Find your future job here