A mixed start for stocks as investors focus on sales drop
Jul 14, 2015, 6:54 AM
People are reflected on an electric board as they watch financial markets indexes in Tokyo Tuesday, July 14, 2015. Asian stock markets were mostly higher Tuesday after Greece and its European creditors agreed on a bailout and Chinese shares rose for a fourth day following a massive government intervention. (AP Photo/Shuji Kajiy
NEW YORK (AP) — U.S. stocks are off to a sluggish start as investors turn their focus to a weak retail sales and corporate earnings news.
Before the market opened Tuesday the government reported a surprise drop in retail sales last month. June was the weakest month for sales since February.
Loan servicing company Navient plunged 11 percent after cutting its earnings forecast for the year.
The Dow Jones industrial average was down three points at 17,974 as of 9:35 a.m.
The Standard & Poor’s 500 index was up about a point at 2,101. The Nasdaq composite climbed 11 points, or 0.2 percent, to 5,083.
The market is coming off three days of gains.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.39 percent.
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