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US indexes inch down early, led by utilities

November 12, 2013

NEW YORK (AP) — Stocks are mostly lower in early trading on Wall Street, led by a decline in utilities stocks.

NRG Energy fell after its profit fell far short of Wall Street’s estimates, and milk producer Dean Foods slumped after cutting its full-year profit forecast.

The Dow Jones industrial average was down four points, less than 0.1 percent, to 15,778 points early Tuesday. The Standard & Poor’s 500 index fell two points, or 0.1 percent, to 1,769. The Nasdaq composite was down five points, or 0.1 percent, at 3,914.

The declines were broad. Eight of the 10 industry sectors in the S&P 500 index fell.

Bond trading resumed after the Veterans Day holiday. The yield on the 10-year Treasury note rose to 2.76 percent from 2.75 percent.

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