News

US stocks move between small gains and losses as traders assess corporate news; Costco rises

NEW YORK, N.Y. – Stocks are moving between slight gains and losses in midday trading as traders digest the latest corporate earnings news.

The Dow Jones industrial average was down five points, less than 0.1 per cent, to 16,726 as of noon Eastern time Wednesday. The Dow plunged 272 points the day before.

The Standard and Poor’s 500 fell two points, or 0.1 per cent, to 1,932. The Nasdaq composite fell 10 points, or 0.2 per cent, to 4,375.

Costco Wholesale rose 2 per cent after the company reported earnings and revenue that came in ahead of what analysts were looking for.

Later Wednesday the Federal Reserve releases minutes from its latest policy meeting last month.

Bond prices were little changed. The yield on the 10-year Treasury note held steady at 2.34 per cent.