NEW YORK (AP) — The stock market opened flat, a day after the Dow Jones industrial average closed above 16,000 for the first time.
Bad news from a discount retail chain weighed on the market early Friday.
The Standard & Poor's 500 index slipped less than a point to 1,795. The Dow fell 33 points, or 0.2 percent, to 15,976. The Nasdaq rose six points, or 0.2 percent, to 3,975.
Discount retailer Ross Group fell the most in the S&P 500 index. It dropped $6.36, or 8 percent, to $73.90 after warning of tough competition and discounting this holiday season.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
