Stocks ease in early trading on Wall Street

AP News
Posted: Aug 05, 2013 9:49 AM

NEW YORK (AP) — Stocks are edging lower in early trading on Wall Street.

The Dow Jones industrial average was down 52 points, or 0.3 percent, at 15,605 points in early trading Monday.

The Standard & Poor's 500 index was off four points, or 0.3 percent, at 1,704. The Nasdaq composite was down five, or 0.1 percent, at 3,683.

Kraft Foods fell 1.2 percent to $56.70 after an analyst at Jeffries cut his rating on the stock, saying it had gotten too expensive. Kraft has risen 25 percent this year.

The yield on the benchmark 10-year Treasury note rose to 2.63 percent from 2.60 percent late Friday.

European markets were slightly lower. The dollar was mixed against other currencies.