Stocks are mixed in early trading on Wall Street

NEW YORK (AP) — Stocks are getting off to a mixed start on Wall Street as investors asses a pickup in hiring last month at U.S. companies and a handful of corporate earnings.

The Standard & Poor's 500 index inched up a point to 1,886 in early trading Wednesday. It closed at a record high the day before. The Dow Jones industrial average slipped nine points, or less than 0.1 percent, to 16,523. The Nasdaq composite rose 13 points, or 0.3 percent, to 4,281.

Payroll processer ADP reported that U.S. companies increased hiring at a rapid pace last month. Apollo Education slumped 9 percent after reporting revenue late Tuesday that fell short of what investors were expecting. New student enrollment at the University of Phoenix continued to fall, shrinking 16.5 percent.

Related Headlines

  • Stock market touches another record

    The stock market returned to record levels on Monday as investors regained their appetite for riskier stocks. After beating down Internet and small companies for two months, ... 

  • Meric Greenbaum

    Stocks waver as investors weigh earnings, economy

    Stocks are mixed in midday trading as an unexpected slowdown in U.S. economic growth kept investors cautious. Twitter slumped 10 percent after its customer growth didn't live ... 

  • William McInerney

    Dow flirts with 17,000 as market sets new highs

    U.S. stocks are finishing at record highs as the Dow Jones industrial average closes in on 17,000 points for the first time. The Dow rose 129 points, or 0.8 percent, to end ... 

  • Benedict Willis

    US stocks have their worst week in two years

    The U.S. stock market is closing out its worst week in two years. Traders moved money into investments traditionally seen as having lower risk Friday, such as U.S. 

Find the best rates

Find your future job here