US stocks are mixed in midday trading
- Associated Press
- June 2, 2014 - 11:15 AM
NEW YORK — U.S. stock indexes are mixed in midday trading as the market comes off its latest record high last week.
The Dow Jones industrial average edged up 18 points, or 0.1 percent, to 16,740 as of noon Eastern time Monday.
The Standard & Poor's 500 index edged up less than a point to 1,924. The Nasdaq composite fell seven points, or 0.2 percent, to 4,235.
The Dow and S&P 500 both closed at record highs on Friday.
Broadcom jumped 10 percent after saying it would seek a buyer for its division that makes chips used in cellular devices.
European markets mostly rose.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.54 percent, up from 2.48 percent late Friday but still near its low for the year.
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