US markets edge down in slow trade

14 Aug 2012, 7:12 am   -   Source: AAP
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Wall Street is slightly down in light trade during the northern hemisphere summer holiday period.

US stock markets have traded modestly in the red in listless trade, with only poor Japanese data making a dent on trade slowed by the summer holiday.

"The light trading action recently has been accompanied by a modest upward drift in stock prices. Trading is likely to be light again today," said Dick Green of Briefing.com.

Five minutes into trade on Monday the blue-chip Dow Jones Industrial Average was down 36.11 points, or 0.27 per cent, at 13,171.84.

The broader S&P 500-stock index lost 3.31 points, or 0.24 per cent, to 1,402.56.

The tech-rich Nasdaq fell 2.98 points, or 0.10 per cent, to 3,017.88.

Earlier the Japanese government said the country's April-June GDP grew 0.3 per cent from the previous quarter, sharply weaker than market expectations of a 0.7 per cent increase.

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