Wednesday, May 15, 2013 9:52 am
Stock prices ease as manufacturing softens
The Associated Press
Traders were also disappointed by news that Europe's economic slump continued, dragging France into a recession.
The Dow Jones industrial average was down 30 points at 15,186 shortly after the open bell Wednesday, a loss of 0.2 percent.
The Standard & Poor's 500 index fell three points to 1,647, or 0.2 percent. Both the Dow and S&P closed at record highs the day before.
The Nasdaq composite also fell three points, or 0.1 percent, to 3,459.
Macy's rose 2 percent, or 90 cents, to $48.31 after reporting a 20 percent profit increase, despite cool temperatures.
The New York branch of the Federal Reserve reported that manufacturing declined in the Northeast in May.