Stocks pull back after seven-day winning streak
NEW YORK (AP) — Stocks are edging lower on Wall Street in early trading following a seven-day rally.
The Dow Jones industrial average slipped 10 points to 14,438 shortly after the opening bell Tuesday.
The Standard & Poor’s 500 index fell two points to 1,554. The Nasdaq composite dropped nine points to 3,244.
The market is coming off its longest winning streak since March 2012. The latest streak began on March 1.
Clothing retailer Urban Outfitters fell 1.6 percent after its earnings fell short of Wall Street’s expectations. The company owns the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands.
Yum Brands, which owns KFC, Pizza Hut and Taco Bell, rose 4 percent. Its sales in China fell less than expected in January and February following a food scare over its chicken suppliers.