the republic logo

US stocks slipping in midday trade a day after Nasdaq passes 5,000 for first time in 15 years

bug
Share/Save/Bookmark

NEW YORK — U.S. stock indexes are moving lower in midday trading, pulling the Nasdaq composite index back below 5,000.

The decline Tuesday came a day after the Nasdaq closed above that milestone for the first time since the dot-com era 15 years ago.

The Nasdaq was down 47 points, or 0.9 percent, at 4,960 as of 11:45 a.m. Eastern.

PHOTO: People walk past the Nasdaq Marketsite in New York's Times Square on Tuesday, March 3, 2015. The Nasdaq fell below 5,000 a day after passing that milestone for the first time since the dot-com era 15 years ago. (AP Photo/Seth Wenig)
People walk past the Nasdaq Marketsite in New York's Times Square on Tuesday, March 3, 2015. The Nasdaq fell below 5,000 a day after passing that milestone for the first time since the dot-com era 15 years ago. (AP Photo/Seth Wenig)

The Dow Jones industrial average fell 145 points, or 0.8 percent, to 18,145. The Standard & Poor's 500 declined 17 points, or 0.8 percent, to 2,100.

The Dow and S&P 500 closed at record highs the day before.

Ford lost 2.7 percent after reporting lower sales last month as dealers lacked inventory to meet demand for the new F-150 pickup.

The yield on the 10-year Treasury note edged up to 2.10 percent.

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.