Stocks Slip Below Record Highs

NEW YORK (May 9, 2013)--Stocks edged lower Thursday on Wall Street as a powerful market advance slowed down.

The Dow Jones industrial average fell 22 points to close at15,082 Thursday, a decline of 0.2 percent.

The Dow had closed above 15,000 for the first time on Tuesday.

The Standard & Poor's 500 index lost six points to end at 1,626, a fall of 0.4 percent, the first loss for the S&P since May 1.

The Nasdaq composite index was off four points at 3,409, or 0.1 percent.

Tesla Motors soared 24 percent after the electric car maker posted its first quarterly net profit since it was founded a decade ago.

Two stocks fell for every one that rose on the New York Stock Exchange where volume was lower than average at 3.3 billion shares.


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