US stocks edge mostly lower; tech shines
NEW YORK (AP) — Stocks are edging mostly lower in midday trading on Wall Street.
The Dow Jones industrial average was down 14 points, or 0.1 percent, at 15,067 as of noon (1600 GMT) Monday.
The Standard & Poor’s 500 index was down a point, or 0.1 percent, 1,654.
The Nasdaq composite index rose 15 points, or 0.4 percent, to 3,617.
Technology shares bucked the downward trend and moved higher. Intel rose the most in the Dow after getting an upgrade from analysts at PiperJaffray.
The yield on the 10-year Treasury note edged up to 2.87 percent from 2.85 percent late Friday. A rapid increase in long-term interest rates has been worrying investors.