A 7-day rally in US stocks loses steam

Associated Press
FILE - In this Tuesday, Sept. 3, 2013, file photo, traders work on the floor at the New York Stock Exchange in New York. World stock markets were muted Thursday Sept. 12, 2013 as investors kept their guard up ahead of the release of U.S. retail sales data and next week's Federal Reserve policy meeting. (AP Photo/Seth Wenig, File)
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FILE - In this Tuesday, Sept. 3, 2013, file photo, traders work on the floor at the New York Stock Exchange in New York. World stock markets were muted Thursday Sept. 12, 2013 as investors kept their guard up ahead of the release of U.S. retail sales data and next week's Federal Reserve policy meeting. (AP Photo/Seth Wenig, File)

NEW YORK (AP) — Stocks are edging lower in midday trading on Wall Street as the market's longest rally since July peters out.

The Dow Jones industrial average fell 11 points, less than 0.1 percent, to 15,331 Thursday. The Dow had added more than 400 points since Monday and is up 3.4 percent this month.

The Standard & Poor's 500 index fell three points to 1,686 after rising the past seven days, the longest winning streak since July.

The Nasdaq composite fell two points to 3,722.

Lululemon Athletica plunged $4.52, or 7 percent, to $64.49 after the high-end yoga apparel maker issued a weak profit outlook for the current quarter and cut its forecast for the full year.

Pandora Media jumped $2.60, or 12 percent, to $23.98 after naming a new CEO.

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