Markets Right Now: US stock indexes drift lower at midday

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The Standard & Poor’s 500 index slipped 5 points, or 0.2 per cent, to 2,472.

The Dow Jones industrial average was little changed at 22,017. The Dow closed above 22,000 points for the first time a day earlier.

The Nasdaq fell 17 points, or 0.3 per cent, to 6,344.

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9:35 a.m.

Stocks are little changed in early trading on Wall Street as investors look over a mixed batch of earnings reports from U.S. companies.

Avon plunged 10 per cent early Thursday after reporting a surprise loss in its latest quarter. Avon also said its CEO will leave in March as the company tries to turn its fortunes around.

Electric car maker Tesla jumped 7 per cent after the company assured investors it can meet aggressive production targets for its new lower-cost Model 3 sedan.

The Standard & Poor’s 500 index slipped 3 points, or 0.1 per cent, to 2,473.

The Dow Jones industrial average edged down 10 points, less than 0.1 per cent, to 22,003. The Dow closed above 22,000 points for the first time a day earlier.

The Nasdaq was little changed at 6,360.

The Associated Press