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Stocks fall modestly in early trading

Associated Press

Posted on November 17, 2009 at 6:55 AM

Updated Tuesday, Nov 17 at 6:55 AM

NEW YORK (AP) — Stocks are falling modestly in early trading as investors sort through another round of economic data and retail earnings.

Overseas markets retreated slightly after big gains the previous day.

Investors are examining earnings from retailers, looking for signs of strength in consumers. A report showing a rebound in retail sales helped push major indexes higher on Monday.

Traders received a disappointing report showing industrial production rose less than expected, but a separate report shows inflation remains in check.

The Dow Jones industrial average is down 24.64, or 0.2 percent, at 10,382.32. The Standard & Poor's 500 index in down 3.31, or 0.3 percent, at 1,105.99, while the Nasdaq composite index is down 7.59, or 0.4 percent, at 2,190.26.

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