Finance

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.

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