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The Journal Gazette

  • FILE - In this Monday, Nov. 11, 2013, file photo, specialist Joseph Dreyer, center, works with traders on the floor of the New York Stock Exchange. U.S. stock futures are pulling back after the Dow Jones index struck another record high this week. (AP Photo/Richard Drew, File)

Tuesday, November 12, 2013 10:00 am

Indexes edge down in early trade, led by utilities

The Associated Press

Stocks are mostly lower in early trading on Wall Street, led by a decline in utilities stocks.

NRG Energy fell after its profit fell far short of Wall Street's estimates, and milk producer Dean Foods slumped after cutting its full-year profit forecast.

The Dow Jones industrial average was down four points, less than 0.1 percent, to 15,778 points early Tuesday. The Standard & Poor's 500 index fell two points, or 0.1 percent, to 1,769. The Nasdaq composite was down five points, or 0.1 percent, at 3,914.

The declines were broad. Eight of the 10 industry sectors in the S&P 500 index fell.

Bond trading resumed after the Veterans Day holiday. The yield on the 10-year Treasury note rose to 2.76 percent from 2.75 percent.