Stocks slip again as economic data comes in mixed

|By:, SA News Editor

Stocks slid to slight losses in choppy trading, continuing the market's lackluster start to the new year as investors cautiously viewed mixed economic data ahead of the jobs report at the end of the week.

The ISM's non-manufacturing purchasing managers' index for December slipped a bit and missed expectations, but factory orders rose more than expected.

The Nasdaq was hit with selling pressure as both Apple and eBay received downgrades, but Apple rebounded after dipping below its 50-day moving average while eBay settled lower by 2.8%.

The yield on the 10-year Treasury note fell 4 bps to 2.965%.