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Stocks slip on Wall Street; UPS sinks on forecast

Friday - 7/12/2013, 12:43pm  ET

Trader Edward Curran, right, works on the floor of the New York Stock Exchange Wednesday, July 10, 2013. World stock markets eked out moderate gains Friday, July 12, 2013 building on a rally sparked by the Fed's vow to continue supporting the U.S. economy, as investors awaited the latest growth figures from China. (AP Photo/Richard Drew)

The Associated Press

Stocks are edging lower on Wall Street in midday trading a day after the market closed at a record high.

The Dow Jones industrial average slipped nine points, or 0.1 percent, to 15,451 as of noon Eastern Daylight Time Friday.

The broader Standard & Poor's 500 index was down two points, or 0.1 percent, at 1,672.

The Dow and S&P closed at all-time highs the day before.

The Nasdaq composite was little changed at 3,578.

UPS sank 6 percent to $86.43 after the package delivery company cut its forecast for second-quarter earnings as its customers chose cheaper shipping options. UPS also said it's seeing a slowdown in U.S. industry.

The yield on the 10-year Treasury note was flat at 2.57 percent.


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