US stocks waver in thin trading ahead of Christmas

FILE - This Monday, Aug. 24, 2015, file photo, shows the New York Stock Exchange. U.S stocks fell in early trading Tuesday, Dec. 8, 2015, following a sell-off in Asia and Europe as the price of oil continued to slide to seven-year lows. The losses were broad, with all 10 industry sectors of the Standard and Poor's 500 index down. (AP Photo/Seth Wenig, File)

NEW YORK (AP) — Stocks are drifting between small gains and losses in quiet trading ahead of the Christmas holiday.

The Dow Jones industrial average fell 26 points, or 0.2 percent, to 17,574 as of 9:35 a.m. Eastern time Thursday.

The Standard & Poor’s 500 index edged down a point to 2,062. The Nasdaq composite was up five points, or 0.1 percent, to 5,050.

Nike fell 1 percent, the most in the Dow average.

The price of crude oil rose half a percent to $38 a barrel in New York.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.26 percent.

Trading will close early Thursday ahead of Christmas and will remain closed on Friday.

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