US stocks edge lower following drop in Japan
U.S. stocks are mostly lower in midday trading following a sharp drop in Japan overnight.
U.S. markets are coming off their latest record high.
The Standard & Poor’s 500 index edged down two points, or 0.1 percent, to 2,037 as of 11:45 a.m. Eastern time Monday.
The Dow Jones industrial average slipped 11 points, or 0.1 percent, to 17,623.
The Nasdaq composite fell 25 points, or 0.5 percent, to 4,663.
In Japan, the benchmark Nikkei stock index sank 3 percent following news that the country unexpectedly slid into recession.
Energy stocks fell as the price of crude slipped. Oil fell 56 cents to $75.26 a barrel in New York.
Dreamworks Animation plunged 15 percent following a report that talks with Hasbro about a deal had ended.