Markets

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
Published Updated

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