Stocks Waver In Early Trade; Teen Retailers Slide

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    Stocks are little changed in early trading as investors pick over earnings reports from retailers and other U.S. companies.

    The Standard & Poor’s 500 index was down a point at 1,876 in the first few minutes of trading Tuesday. The S&P 500 closed at record highs three times last week.

    The Dow Jones industrial average fell 11 points, or 0.1 percent, to 16,406. The Nasdaq composite edged up a point to 4,335.

    American Eagle Outfitters fell 6 percent after the company reported an 89 percent slide in its fourth-quarter net income as winter storms weighed on sales.

    Urban Outfitters, another teen retailer, fell 5 percent after reporting its own results.

    Bond prices held steady. The yield on the 10-year Treasury note was unchanged from late Monday at 2.78 percent.

    Originally seen on http://chicagodefender.com/

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