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NEW YORK (CNNMoney)
The Dow Jones industrial average edged down 0.1%, but remained above 15,000. The S&P 500 slid 0.1%, while the Nasdaq was flat.
The pullback comes one day after the Dow closed above 15,000 for the first time ever, and the S&P 500 also finished at a record high.
Peter Cardillo, chief market economist at Rockwell Global Capital, said "news from abroad is encouraging," referring to reports about increases in Chinese exports and German industrial output. But he added that there was little in the way of news in the United States to keep stocks moving higher.
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Investors will likely take their cues from another round of corporate earnings.
Shares of JCPenney (JCP, Fortune 500) rose after the troubled retailer released a preliminary report showing a decline in quarterly sales that may not have been as bad as some had expected.
Wendy's (WEN) shares fell after the restaurant chain reported sales that missed forecasts. AOL (AOL) missed earnings estimates. Toyota Motors (TM) reported a surge in profit for its fiscal year 2013, which ended on March 31.
Related: Apple picks itself up off the mat
Walt Disney (DIS, Fortune 500) reported better-than-expected earnings and sales late Tuesday, and several analysts raised their price targets on the stock.
Whole Foods (WFM, Fortune 500) shares surged after the supermarket chain reported quarterly earnings that beat estimates.
Tesla (TSLA), News Corp. (NWSA, Fortune 500) and Green Mountain Coffee (GMCR) will report results after the closing bell.
Shares of Manchester United (MANU) fell nearly 5% after the long-time manager of the English soccer team announced he would retire. This comes less than a year after the company listed in New York.
Related: Fear & Greed Index gets extremely greedy
European markets were trending higher in afternoon trading, with the Euronext 100 index displaying some solid support.
Asian markets ended higher. The Nikkei added 0.7%, the Hang Seng increased 0.8% and the Shanghai Composite rose 0.5%.
First Published: May 8, 2013: 9:42 AM ET
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