Comment
0
Tweet
0
Print
RSS Feeds

Stocks pull back after seven-day winning streak

Tuesday - 3/12/2013, 9:52am  ET

FILE - In this Friday, March 1, 2013 file photo, Trader Edward Schreier works on the floor of the New York Stock Exchange. World stock markets edged off recent highs in uneven trading Tuesday March 12, 2013 as worries grew about China's recovery and Europe's doldrums. (AP Photo/Richard Drew)

NEW YORK (AP) -- Stocks are edging lower on Wall Street in early trading following a seven-day rally.

The Dow Jones industrial average slipped 10 points to 14,438 shortly after the opening bell Tuesday.

The Standard & Poor's 500 index fell two points to 1,554. The Nasdaq composite dropped nine points to 3,244.

The market is coming off its longest winning streak since March 2012. The latest streak began on March 1.

Clothing retailer Urban Outfitters fell 1.6 percent after its earnings fell short of Wall Street's expectations. The company owns the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands.

Yum Brands, which owns KFC, Pizza Hut and Taco Bell, rose 4 percent. Its sales in China fell less than expected in January and February following a food scare over its chicken suppliers.


Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.