Stocks ease in midday trading on Wall Street

Stocks slip on a quiet day on Wall Street; Kraft Foods falls

Associated Press
Stocks slip on a quiet day on Wall Street
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FILE - In this Wednesday, July 31, 2013, file photo, Trader David O'Day talks into his mobile phone as he works on the floor of the New York Stock Exchange. Stocks are edging lower in early trading on Wall Street Monday, Aug. 6, 2013. (AP Photo/Richard Drew, File)

NEW YORK (AP) -- Stocks are slipping in quiet trading on Wall Street.

The Dow Jones industrial average was down 52 points, or 0.3 percent, at 15,605 points in midday trading Monday.

The Standard & Poor's 500 index was off three points, or 0.2 percent, at 1,707. The Nasdaq composite was down three points, or 0.1 percent, at 3,688.

Kraft Foods fell 1.2 percent to $56.70 after an analyst at Jeffries cut his rating on the stock, saying it had gotten too expensive. Kraft has risen 25 percent this year.

The yield on the benchmark 10-year Treasury note rose to 2.65 percent from 2.60 percent late Friday.

European markets were mostly lower.

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