The Joplin Globe, Joplin, MO


May 6, 2013

Stocks are little changed after record week

NEW YORK — Stock indexes were little changed in early Monday trading, following a record-setting week for the market.

The Dow Jones industrial average was down 4 points at 14,968 points an hour after the opening bell Monday, a decline of 0.2 percent.

The Standard & Poor’s 500 index rose one point to 1,615. The Nasdaq composite edged up six points to 3,384, an increase of 0.2 percent. Six of the 10 industry groups in the S&P 500 crept higher.

Few companies were reporting earnings Monday. Tyson Foods, the nation’s largest meat-processing company, fell 4 percent, the biggest drop in the S&P 500.  Tyson’s income dropped 42 percent as chicken feed costs rose and profits fell in its beef business. The company’s stock lost 94 cents to $24.

The stock market cleared new milestones Friday after the government reported that employers added more workers to their payrolls in recent months. The unemployment rate fell to 7.5 percent, the lowest level in four years.

The news sent the Dow through the 15,000 mark for the first time, while the S&P 500 closed above 1,600, another first.

Among other companies reporting quarterly results on Monday, Sysco posted net income and revenue that fell short of analysts’ estimates. The food distributor’s CEO said the company’s sales were held back by bad weather that made people less willing to spend on meals away from home. Sysco’s stock dropped 1 percent, or 34 cents, to $34.32.

In the market for U.S. government bonds, the yield on the 10-year note was 1.74 percent, unchanged from where it was trading late Friday.


Text Only

A new provision by the U.S. Department of Agriculture allows qualifying districts with high percentages of students on food assistance to allow all students to eat free breakfasts and lunches. Would you agree with this provision?

     View Results
Twitter Updates
Follow us on twitter
NDN Video
Traditional African Dishes Teach Healthy Eating The Carbon Trap: US Exports Global Warming 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp