Posted: Aug 19, 2013 7:41 AM by ASSOCIATED PRESS
NEW YORK (AP) - Stocks are getting off to a weak start on Wall Street as a wider loss from Saks delivered the latest bad news from the struggling retail sector.
The Dow Jones industrial average was down six points, or less than 0.01 percent, at 15,073 after the first few minutes of trading Monday.
The Standard & Poor's 500 index was down a fraction at 1,655. The Nasdaq composite was up nine points, or 0.3 percent, at 3,612.
Saks reported a wider loss on higher expenses and charges. Several other retailers were set to report results this week.
The Dow is coming off its worst week of the year.
The yield on the 10-year Treasury note edged up to 2.86 percent from 2.85 percent late Friday.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at firstname.lastname@example.org, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties