U.S. stocks edge lower; teen retailers slide

3/11/2014
ASSOCIATED PRESS
Wall-Street-Premarket-237

FILE - In this March 7, 2014 file photo, Glenn Kessler, left, works with fellow traders on the floor of the New York Stock Exchange. World stock markets steadied Tuesday, March 11, 2014 after a sell-off the day before. (AP Photo/Richard Drew, File)

ASSOCIATED PRESS

NEW YORK -- Stocks are closing lower as a thin slate of economic news and corporate results left investors unwilling to drive up a market that hit three record highs last week.

Teen retailers American Eagle and Urban Outfitters sank after releasing results and projections that disappointed investors.

The Standard & Poor’s 500 index lost nine points, or 0.5 percent, to 1,867 today.

The Dow Jones industrial average fell 67 points, or 0.4 percent, to 16,351. The Nasdaq composite fell 27 points, or 0.6 percent, to 4,307.

Men’s Wearhouse and Jos. A. Bank rose sharply after the two clothing store chains agreed to combine after months of back-and-forth negotiations. Men’s Wearhouse rose 5 percent and Jos. A. Bank rose 4 percent.

The yield on the 10-year Treasury note edged down to 2.76 percent.