Stocks are mixed on Wall Street

Energy stocks fall as oil price drops

1/13/2014
ASSOCIATED PRESS
Wall-Street-522

FILE - In this Friday, Jan. 10, 2014, file photo, specialist Jason Hardzewicz, left, and trader Michael Zicchinolfi work on the floor of the New York Stock Exchange. U.S. stock futures were lower shortly before the opening bell, Monday, Jan. 13, 2014, on a week where the pace of company earnings reports picks up. (AP Photo/Richard Drew, File)

ASSOCIATED PRESS

NEW YORK — Stocks are little changed in midday trading as investors wait for the pace of company earnings reports to pick up.

Energy stocks fell as the price of oil declined.

The Dow Jones industrial average edged down 20 points, or 0.1 percent, to 16,416 points as of noon today.

The Standard & Poor’s 500 index was down a point, or 0.1 percent, at 1,841. The Nasdaq composite was up two points, or 0.1 percent, at 4,176.

Lululemon, the high-end yoga apparel maker, slumped 15 percent after saying sales have dropped off in January and that its fourth-quarter results will be lower than analysts had expected.

Beam, the maker of Jim Beam and other liquors, jumped 24 percent after agreeing to be acquired by Japan’s Suntory for about $14 billion.