Stocks waver after seven-day rally
3/12/2013NEW YORK — Stocks are wavering on Wall Street in midday trading following a seven-day rally.
The Dow Jones industrial inched up three points, or 0.04 percent, to 14,453 shortly before noon today.
The Standard & Poor's 500 was down four points, or 0.3 percent, at 1,551. The Nasdaq composite dropped 17 points, or 0.5 percent, to 3,236.
The stock market is coming off its longest rally in a year. The last time the Dow rose for seven days straight was March, 2012.
KFC owner Yum Brands rose 2 percent after the company announced a smaller-than-expected drop in its sales in China for the months of January and February following a food scare over its chicken suppliers.