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AP National Business

Stocks edge lower on Wall Street, giving up an early gain

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KMIZ

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Published 10:48 AM

By DAMIAN J. TROISE
AP Business Writer

Stocks edged mostly lower on Wall Street in midday trading Wednesday after giving up an early gain. The S&P 500 was off 0.2%, and could be headed for its fourth straight decline. The Dow Jones Industrial Average fell 0.5% and the tech-heavy Nasdaq rose 0.2%. Delta Air Lines fell 4.6% after it warned that higher fuel and labor costs could affect its profitability going forward. The yield on the 10-year Treasury note fell to 1.55% even after the government reported another jump in consumer prices last month. Banks were among the heaviest weights on the market.

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