Stocks edge down in early trading; Mattel slumps – Los Angeles Times
Stocks edged lower in early trading on Wall Street on Friday as traders digested the latest round of company earnings reports.
Mattel slumped 8.3% in the first few minutes of trading after the El Segundo-based toymaker reported results that fell far short of analysts’ forecasts.
Payments processing giant Visa climbed 1% after reporting a solid quarter.
The Standard & Poor’s 500 index was down 1 point at 2,354.
The Dow Jones industrial average rose 9 points, or 0.1%, to 20,590.
The Nasdaq composite was little changed at 5,913.