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US stocks edge lower after five record closes

November 12, 2014

NEW YORK (AP) — U.S. stock indexes are ending mostly lower, breaking a string of five record high closes.

The Standard & Poor’s 500 index slipped a point, less than 0.1 percent, to 2,038 Wednesday.

The Dow Jones industrial average edged down two points, less than 0.1 percent, to 17,612. The Nasdaq composite rose 14 points, or 0.3 percent, to 4,675.

J.M. Smucker sank 4 percent after the company said sales of its Folgers coffee fell.

Susquehanna Bancshares jumped 33 percent on news that the commercial bank BB&T would buy the company.

Crude oil fell 76 cents to $77.18 a barrel in New York, a four-year low. The price fell on more indications of rising supplies.

Bond prices didn’t move much. The yield on the 10-year Treasury note held steady at 2.36 percent.

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