Mar 3, 2015 11:48 AM

US stocks slip a day after Nasdaq passes 5,000 milestone

The Associated Press

NEW YORK (AP) U.S. stock indexes are moving lower in midday trading, pulling the Nasdaq composite index back below 5,000.

The decline Tuesday came a day after the Nasdaq closed above that milestone for the first time since the dot-com era 15 years ago.

The Nasdaq was down 47 points, or 0.9 percent, at 4,960 as of 11:45 a.m. Eastern.

The Dow Jones industrial average fell 145 points, or 0.8 percent, to 18,145. The Standard & Poor's 500 declined 17 points, or 0.8 percent, to 2,100.

The Dow and S&P 500 closed at record highs the day before.

Ford lost 2.7 percent after reporting lower sales last month as dealers lacked inventory to meet demand for the new F-150 pickup.

The yield on the 10-year Treasury note edged up to 2.10 percent.


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