US stocks slip a day after Nasdaq passes 5,000 milestone

AP News
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Posted: Mar 03, 2015 11:47 AM
US stocks slip a day after Nasdaq passes 5,000 milestone

NEW YORK (AP) — U.S. stock indexes are moving lower in midday trading, pulling the Nasdaq composite index back below 5,000.

The decline Tuesday came a day after the Nasdaq closed above that milestone for the first time since the dot-com era 15 years ago.

The Nasdaq was down 47 points, or 0.9 percent, at 4,960 as of 11:45 a.m. Eastern.

The Dow Jones industrial average fell 145 points, or 0.8 percent, to 18,145. The Standard & Poor's 500 declined 17 points, or 0.8 percent, to 2,100.

The Dow and S&P 500 closed at record highs the day before.

Ford lost 2.7 percent after reporting lower sales last month as dealers lacked inventory to meet demand for the new F-150 pickup.

The yield on the 10-year Treasury note edged up to 2.10 percent.