US stocks drift mostly lower, pulling Dow just below record

Staff Writer
Columbus CEO

U.S. stock indexes are drifting mostly lower in midday trading, pulling the Dow Jones industrial average slightly below its latest all-time high.

The Dow fell 10 points, or 0.1 percent, to 18,213 as of 11:45 a.m. Eastern time Thursday.

The Standard & Poor's 500 index was down a point at 2,113. The Nasdaq composite edged up 15 points, or 0.3 percent, to 4,982.

Energy stocks fell more than the rest of the market as the price of oil turned lower again. Chevron and Exxon Mobil were among the biggest decliners in the Dow.

Sears fell 7 percent after the company reported its fourth straight year of falling profit and revenue.

Bond prices fell. The yield on the 10-year Treasury note edged up to 1.98 percent from 1.97 percent late Wednesday.