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The Journal Gazette

Wednesday, February 13, 2013 12:06 pm

Stocks edge lower, down from close to record

The Associated Press

Stocks are edging lower at midday, pulling back from close to record levels.

The Dow Jones industrial average fell 55 points, to 13,963. The Standard & Poor's 500 dropped 4 points to 1,519 and the Nasdaq composite rose 4 points to 3,190.

The Dow was pulled lower by McDonald's falling $1.40 to $93.70 and Caterpillar declining 87 cents to $96.37. Eighteen stocks in the 30-member index declined.

A government report also shows that spending by Americans barely budged higher last month.