News

US stocks edge lower in midday trading a day after S&P 500 set its latest record high

NEW YORK, N.Y. – U.S. stocks are edging lower in midday 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 down two points, or 0.1 per cent, at 2,118 as of 11:45 a.m. Eastern time Friday.

The Dow lost 20 points, or 0.1 per cent, to 18,231 and the Nasdaq gave up eight points, or 0.2 per cent, to 5,042.

Keurig Green Mountain sank 8 per cent after announcing a high price for its new cold-drink machine that got investors worried.

Semiconductor maker Applied Materials gained 3 per cent after reporting results that came in ahead of analysts’ forecasts.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.16 per cent.