Comment
0
Tweet
0
Print
RSS Feeds

Stocks edge lower following retail earnings

Tuesday - 11/19/2013, 12:32pm  ET

Trader Thomas Donato, center, works on the floor of the New York Stock Exchange, Tuesday, Nov. 19, 2013. Stocks are lower in early trading on Wall Street as traders pick over some disappointing corporate earnings. (AP Photo/Richard Drew)

NEW YORK (AP) -- Stocks are mostly lower on Wall Street as investors pick over another round of corporate earnings, this time from retailers including Best Buy and Home Depot.

The Dow Jones industrial average was moving between small gains and losses. It was down seven points at 15,969 as of noon Eastern time Tuesday.

The Standard & Poor's 500 was down two points at 1,789 and the Nasdaq composite was down three at 3,945.

Retailers were a key focus for investors, especially with the holiday shopping season coming up.

Best Buy slumped 9 percent after warning that competition from online retailers was going to further squeeze its profit margins.

Home Depot rose 2 percent, the most in the Dow, after reporting earnings that surpassed what investors were expecting.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.