Skip to main content
Thursday, November 12, 2026Nov 12
Subscribe
All Sections
Search
More

US stocks edge lower as rally stalls; CarMax slumps on sales

FILE - This April 22, 2010, file photo, shows a Wall Street sign in front of the New York Stock Exchange. Asian shares pushed higher Friday, June 19, 2015, following a rally in U.S. markets, but China’s benchmark sank again on worries over the potential impact of a flurry of initial public offerings and moves by regulators to curb margin trading. (AP Photo/Mark Lennihan, File)
FILE - This April 22, 2010, file photo, shows a Wall Street sign in front of the New York Stock Exchange. Asian shares pushed higher Friday, June 19, 2015, following a rally in U.S. markets, but China’s benchmark sank again on worries over the potential impact of a flurry of initial public offerings and moves by regulators to curb margin trading. (AP Photo/Mark Lennihan, File) FILE - This April 22, 2010, file photo, shows a Wall Street sign in front of the New York Stock Exchange. Asian shares pushed higher Friday, June 19, 2015, following a rally in U.S. markets, but China’s benchmark sank again on worries over the potential impact of a flurry of initial public offerings and moves by regulators to curb margin trading. (AP Photo/Mark Lennihan, File)

By Associated Press 2 min read

U.S. stocks edged lower in Friday morning trading, a day after big gains pushed the Nasdaq composite to a record high.

Financial stocks were among the biggest decliners. Investors were keeping an eye on events in China, where the main stock market plunged, and Europe, where talks between Greece and its creditors remain unresolved with a big debt repayment looming.

Among individual stocks, CarMax slumped after reporting disappointing sales figures.

KEEPING SCORE: The Dow Jones industrial average fell 18 points, or 0.1 percent, to 18,096 at 10:28 a.m. Eastern Time. The Standard & Poor’s 500 index slipped two points, or 0.1 percent, to 2,118. The Nasdaq composite lost nine points, or 0.2 percent, to 5,123.

DISAPPOINTING SALES: CarMax fell 3.7 percent after the used car dealership chain reported fiscal first quarter sales that fell short of forecasts. The stock lost $2.64 to $69.32.