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US stocks ease after four straight gains

NEW YORK : US stocks opened slightly lower Friday after four straight, solid rises in trading expected to be thin ahea
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By Abdul Ahad
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NasdaqNEW YORK: US stocks opened slightly lower Friday after four straight, solid rises in trading expected to be thin ahead of the long July 4 holiday weekend.

The Dow Jones Industrial Average pared 5.53 points (0.04 percent) to 12,408.81 in opening trade.

The broader S&P 500 fell 2.21 (0.07 percent) to 1,318.43, while the tech-heavy Nasdaq Composite lost 3.98 points (0.14 percent) at 2,769.54.

Oshkosh Corp was up 11.2 percent on news that raider Carl Icahn had accumulated a 9.5 percent stake in the company and reportedly plans to pressure management to deliver more to shareholders.

 

Copyright AFP (Agence France-Presse), 2011

 

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