BUSINESS

Stocks slip below record levels on Wall Street; Dow Jones average holds on to 15,000

05/09/2013 04:08 EDT | Updated 07/09/2013 05:12 EDT
NEW YORK, N.Y. - Stocks are edging lower on Wall Street as a powerful market advance slows down.

The Dow Jones industrial average fell 22 points to 15,082 Thursday, a decline of 0.2 per cent. 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 per cent. It was the first loss for the S&P since May 1.

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

Tesla Motors soared 24 per cent 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. Volume was lower than average at 3.3 billion shares.