US STOCKS-Wall St edges lower, Cardinal hits healthcare names

jueves 1 de mayo de 2014 10:45 GYT

* Textron and Cardinal Health fall after results

* Yelp shares rally a day after posting strong revenue growth

* AT&T approached DirecTV about possible acquisition: WSJ

* Dow down 0.2 pct, S&P 500 down 0.1 pct, Nasdaq up 0.1 pct (Updates to open, adds ISM and construction spending data)

By Ryan Vlastelica

NEW YORK, May 1 (Reuters) - U.S. stocks mostly edged lower on Thursday as investors found few reasons to keep chasing gains following a record close in the Dow and as a number of prominent names disappointed in their quarterly results.

The day's losses were slight but broad, with eight of the ten primary S&P 500 sectors lower on the day. Industrial names were among the weakest, pressured by Textron results, while Cardinal Health hit healthcare names.

Cardinal fell 6.2 percent to $65.20 as its revenue missed expectations, while Textron lost 3 percent to $39.67 as earnings fell from the prior year and sales were nearly flat.

Both the Dow and S&P 500 are coming off three-day winning streaks, and the blue-chip Dow closed at its first record of 2014 on Wednesday, fueled by an upbeat view of the economy from the Federal Reserve, which offset a much weaker-than-expected read on first-quarter economic growth.   Continuación...