Stocks waver in early trading on Wall Street

AP News
Posted: May 09, 2013 9:49 AM
Stocks waver in early trading on Wall Street

NEW YORK (AP) — Stock indexes are barely budging in early trading on Wall Street as corporate earnings reporting for the first quarter draws to a close.

The Dow Jones industrial average was moving between small gains and losses shortly after the opening bell Thursday. After the first fifteen minutes of trading it was up four points at 15,109.

The Standard & Poor's 500 was down a point at 1,631. The Nasdaq was up half a point at 3,413.

Better corporate and economic data have sent U.S. markets to new heights. The Dow closed above 15,000 for the first time Tuesday and again on Wednesday.

Monster Beverage's stock slumped 7 percent. The drink maker's income plunged 17 percent in the first quarter because of legal expenses, unfavorable exchange rates and distribution costs.