US stocks move lower; Deere sinks
NEW YORK (AP) — U.S. stocks are moving lower a day after the market hit its latest all-time high.
The Standard & Poor’s 500 index fell two points, or 0.1 percent, to 1,894 as of noon Wednesday. On Tuesday the S&P 500 traded above 1,900 points for the first time.
The Dow Jones industrial average fell 50 points, or 0.3 percent, to 16,665. The Nasdaq composite fell nine points, or 0.2 percent, to 4,120.
Deere fell 2 percent after the company reported a decline in second-quarter income as demand for farming equipment weakened.
Fossil Group fell 9 percent after the watch, jewelry and accessories maker said its income fell despite sales gains across all its business segments.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.54 percent.