US stocks edge lower in morning trading as investors assess earnings reports; oil price gains
{{#rendered}} {{/rendered}}FILE - In this Feb. 10, 2011 file photo, American flags fly in front of the New York Stock Exchange, in New York. U.S. stocks were little changed in early trading Thursday, April 9, 2015, as investors assessed company earnings. Energy stocks were among the early gainers as oil recouped some of its losses from a big sell-off on Wednesday. (AP Photo/Mark Lennihan, File) (The Associated Press)
U.S. stocks are moving slightly lower in midday trading as investors assess company earnings.
Energy stocks rose Thursday as oil recouped some of its losses from a big sell-off the day before.
The Standard & Poor's 500 index fell a point, less than 0.1 percent, to 2,080 as of 11:55 a.m. Eastern time.
{{#rendered}} {{/rendered}}The Dow Jones industrial average dropped 28 points, or 0.2 percent, to 17,873. Nasdaq composite fell nine points, or 0.2 percent, to 4,941.
Alcoa sank 4 percent after reporting revenue late Wednesday that disappointed investors. Bed Bath & Beyond sank 6 percent after its forecast for earnings was less than analysts expected.
The price of oil rose 67 cents to $51.08 a barrel in New York. It had plunged 7 percent the day before.