Stocks are little changed in early trade a day after record
May 15, 2015, 6:48 AM
NEW YORK (AP) — U.S. stocks are little changed in early trading a day after the Standard & Poor’s 500 index closed at an all-time high.
The Dow Jones industrial average and the Nasdaq composite remain slightly below their own record highs.
The S&P 500 was essentially unchanged at 2,120 as of 9:35 a.m. Eastern time Friday.
The Dow edged up a point to 18,253 and the Nasdaq rose a fraction to 5,051.
Keurig Green Mountain sank 7 percent after announcing a high price for its new cold-drink machine that got investors worried.
Semiconductor maker Applied Materials gained 3 percent after reporting results that came in ahead of analysts’ forecasts.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.20 percent.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
