US stocks drift mostly lower in listless trading

AP News
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Posted: May 19, 2015 11:52 AM
US stocks drift mostly lower in listless trading

NEW YORK (AP) — U.S. stocks are drifting mostly lower in midday trading as the market comes off its latest record high.

Energy stocks fell the most early Tuesday as the price of oil dropped.

The Standard & Poor's 500 was unchanged at 2,129 as of 11:45 a.m. Eastern time Tuesday.

The Nasdaq composite fell seven points, or 0.1 percent, to 5,070. The 30-stock Dow Jones industrial average bucked the trend, edging up 13 points, or 0.1 percent, to 18,311.

Urban Outfitters plunged 17 percent after reporting weaker-than-expected results.

Take-Two Interactive, which makes "Grand Theft Auto," surged 15 percent after reporting earnings that were sharply higher than analysts were expecting.

Homebuilders rose on news that home construction surged in April.

Two stocks fell for every one that rose on the New York Stock Exchange.