Stocks Waver in Early Trade; Teen Retailers Slide

By The Associated Press | March 11, 2014 | 10:04 AM EDT

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)

Stocks are little changed in early trading as investors pick over earnings reports from retailers and other U.S. companies.

The Standard & Poor's 500 index was down a point at 1,876 in the first few minutes of trading Tuesday. The S&P 500 closed at record highs three times last week.

The Dow Jones industrial average fell 11 points, or 0.1 percent, to 16,406. The Nasdaq composite edged up a point to 4,335.

American Eagle Outfitters fell 6 percent after the company reported an 89 percent slide in its fourth-quarter net income as winter storms weighed on sales.

Urban Outfitters, another teen retailer, fell 5 percent after reporting its own results.

Bond prices held steady. The yield on the 10-year Treasury note was unchanged from late Monday at 2.78 percent.