Stocks edge lower in early trading; Mattel sinks - 13 WTHR Indianapolis

Stocks edge lower in early trading; Mattel sinks

Posted: Updated:
(AP Photo/Richard Drew, file). FILE - In this Aug. 16, 2007 file photo, the flags on the facade of the New York Stock Exchange are a backdrop for a Wall Street street sign. (AP Photo/Richard Drew, file). FILE - In this Aug. 16, 2007 file photo, the flags on the facade of the New York Stock Exchange are a backdrop for a Wall Street street sign.
  • NationalMore>>

  • Ohio State band marches on after director's firing

    Ohio State band marches on after director's firing

    Friday, July 25 2014 7:12 AM EDT2014-07-25 11:12:49 GMT
    The Ohio State marching band is moving forward without its director; a day after he was fired they're performing with the Columbus Symphony in what's often considered the band's unofficial season kickoff.More >>
    The Ohio State marching band is moving forward without its director: A day after he was fired, the band is performing with the Columbus Symphony in what is often considered its unofficial season kickoff.More >>
  • Cause sought for gunfight between patient, doctor

    Cause sought for gunfight between patient, doctor

    Friday, July 25 2014 6:44 AM EDT2014-07-25 10:44:24 GMT
    Authorities hope to learn if a psychiatrist had concerns about a patient who allegedly killed a case worker at a suburban Philadelphia hospital before the doctor pulled out his own gun to protect himself.More >>
    Authorities are attempting to determine why a patient fatally shot a caseworker at a hospital complex in a Philadelphia suburb and whether a psychiatrist who pulled out his own gun and wounded the patient had concerns...More >>
  • Family feud sparks revolt at grocery store chain

    Family feud sparks revolt at grocery store chain

    Friday, July 25 2014 6:24 AM EDT2014-07-25 10:24:21 GMT
    It's been called a David vs. Goliath story, a "Tale of Two Arthurs" and even the "ultimate Greek tragedy," but the characters in this drama are not Biblical or literary figures.More >>
    It's been called a David vs. Goliath story, a "Tale of Two Arthurs" and even the "ultimate Greek tragedy," but the characters in this drama are not Biblical or literary figures. They're grocery store owners.More >>
By The Associated Press

Stocks are opening slightly lower following mixed news about the economy and the latest batch of corporate earnings.

The Standard & Poor's 500 index fell three points, or 0.2 percent, to 1,978 in the first few minutes of trading Thursday.

The Dow Jones industrial average fell fifteen points, or 0.1 percent, to 17,122. The Nasdaq composite lost five points, or 0.1 percent, to 4,421.

Mattel fell 7 percent in early trading after the toy maker reported that its income plunged 61 percent in the second quarter.

In economic news, the number of people seeking unemployment benefits fell last week, but home construction fell in June to the slowest pace in nine months.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.50 percent.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow