Wobbly start for US stocks; Pepsi cuts its profit target
NEW YORK (AP) — U.S. stocks are mixed Tuesday morning as internet companies and retailers slip. Stitch Fix, an online clothing company, plunged after its revenue and user totals fell short of analyst forecasts, and Pepsi is falling after it said the strong dollar will hurt its results. Mining companies are rising as the prices of gold and other metals increase.
KEEPING SCORE: The S&P 500 index was unchanged at 2,924 as of 10 a.m. Eastern time. The Dow Jones Industrial Average rose 17 points, or 0.1 percent, to 26,668. The Nasdaq composite lost 3 points to 8,033. The Russell 2000 index of smaller-company stocks rose 1 point, or 0.1 percent, to 1,674.
After the U.S.