U.S. stocks were little changed in early trading Tuesday, following slight gains in markets from Asia to Europe. Investors hammered teen retailers American Eagle and Urban Outfitters, part of a thin slate of corporate financial results shaping the day's trading.
KEEPING SCORE: The Dow Jones industrial average dipped 19 points, or 0.1 percent, to 16,399 as of 10 a.m. Eastern time. The Standard & Poor's 500 index fell one point, or 0.1 percent, to 1,875. The Nasdaq composite gained one point, or 0.04 percent, to 4,336.
QUIET START: Global stock markets steadied Tuesday after declines the day before. There was a lack of corporate or economic news for traders to consider. Most indexes were flat or modestly higher after declining Monday on weak Chinese trade figures that reignited fears of a deeper slowdown in the world's No. 2 economy.
EUROPE: In early trading, Germany's DAX gained 0.4 percent. Britain's FTSE 100 was little changed, as was the CAC-40 in Paris.
ASIA: Japan's Nikkei 225 stock average closed up 0.7 percent. Hong Kong's Hang Seng rose less than 0.1 percent. China's Shanghai composite inched up 0.1 percent. Markets were also higher in South Korea, Australia and Southeast Asia.
UNFASHIONABLE OUTLOOK: American Eagle Outfitters tumbled 81 cents, or 5.7 percent, to $13.40 after the teen retailer issued a fiscal first-quarter outlook that fell short of Wall Street's expectations. The company also said earnings plunged 89 percent in the quarter ended Feb. 1 as winter storms weighed on sales. The retailer also booked hefty one-time charges.
RECALL REVIEW: General Motors dipped 35 cents to $36.74. A congressional committee is investigating the way the automaker and a federal safety agency handled a deadly ignition switch problem in compact cars.