the republic logo

Indexes open slightly lower on Wall Street; market coming off of four weeks of gains

NEW YORK — Stocks are opening slightly lower on Wall Street as the stock market comes off of four straight weeks of gains.

The Dow Jones industrial average fell 21 points to 15,332 shortly after the opening bell Monday, a loss of 0.1 percent.

PHOTO: FILE - In this Tuesday, May 7, 2013, photo, specialist Charles Boeddinghaus works at his post on the floor of the New York Stock Exchange. Evidence of a steady economic recovery in the U.S. helped push world stock markets higher Monday.  (AP Photo/Richard Drew)
FILE - In this Tuesday, May 7, 2013, photo, specialist Charles Boeddinghaus works at his post on the floor of the New York Stock Exchange. Evidence of a steady economic recovery in the U.S. helped push world stock markets higher Monday. (AP Photo/Richard Drew)

The Standard & Poor's 500 index was off a point at 1,665, or 0.1 percent.

The Nasdaq composite fell less than a point to 3,498, or less than 0.1 percent.

Investors will be looking to Federal Reserve Chairman Ben Bernanke's testimony to Congress, scheduled for Wednesday. The Federal Reserve's super-easy monetary policy has been a factor driving stock indexes to record highs this year.

Bed Bath & Beyond fell $1.20 to $67.92, or 2 percent, after a Jeffries analyst lowered his rating and price target for the company.

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


Story copyright 2013 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 This material may not be published, broadcast, rewritten or redistributed.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:

Subjects:

 

Follow Us

Content enhanced with OpenCalais.

 

All content copyright ©2013 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.