US stock indexes edge lower a day after S&P 500 hits record

US stock indexes edge lower a day after S&P 500 hits record


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NEW YORK (AP) — U.S. stocks are edging lower in midday trading a day after the Standard & Poor's 500 index closed at an all-time high.

The Dow Jones industrial average and the Nasdaq composite remain slightly below their own record highs.

The S&P 500 was down two points, or 0.1 percent, at 2,118 as of 11:45 a.m. Eastern time Friday.

The Dow lost 20 points, or 0.1 percent, to 18,231 and the Nasdaq gave up eight points, or 0.2 percent, to 5,042.

Keurig Green Mountain sank 8 percent after announcing a high price for its new cold-drink machine that got investors worried.

Semiconductor maker Applied Materials gained 3 percent after reporting results that came in ahead of analysts' forecasts.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.16 percent.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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