Weak start for stocks on Wall Street
Aug. 19, 2013
NEW YORK (AP) — Stocks are getting off to a weak start on Wall Street as a wider loss from Saks delivered the latest bad news from the struggling retail sector.
The Dow Jones industrial average was down six points, or less than 0.01 percent, at 15,073 after the first few minutes of trading Monday.
The Standard & Poor's 500 index was down a fraction at 1,655. The Nasdaq composite was up nine points, or 0.3 percent, at 3,612.
Saks reported a wider loss on higher expenses and charges. Several other retailers were set to report results this week.
The Dow is coming off its worst week of the year.
The yield on the 10-year Treasury note edged up to 2.86 percent from 2.85 percent late Friday.