National News

Jul 17, 2014 10:07 AM by Associated Press

Stocks edge lower in early trading; Mattel sinks

Stocks are opening slightly lower following mixed news about the economy and the latest batch of corporate earnings.

The Standard & Poor's 500 index fell three points, or 0.2 percent, to 1,978 in the first few minutes of trading Thursday.

The Dow Jones industrial average fell fifteen points, or 0.1 percent, to 17,122. The Nasdaq composite lost five points, or 0.1 percent, to 4,421.

Mattel fell 7 percent in early trading after the toy maker reported that its income plunged 61 percent in the second quarter.

In economic news, the number of people seeking unemployment benefits fell last week, but home construction fell in June to the slowest pace in nine months.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.50 percent.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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