The Canadian PressNovember 13, 2013 13:02
NEW YORK, N.Y. - Stocks are mostly lower as investors weighed signs of an improving economy against the prospect of the Federal Reserve cutting back on its economic stimulus.
Chegg, an online textbook rental company, flopped in its stock market debut, and clothing maker Perry Ellis plunged after cutting its revenue forecast. Macy's rose after beating analysts' earnings estimates.
The Dow Jones industrial average was down 50 points, or 0.3 per cent, to 15,702 in midday trading Wednesday.