NEW YORK (AP) — Stocks are wavering between small gains and losses in early trading as US companies report mixed earnings news.
Alcoa rose as aluminum demand increased, but KFC owner Yum brands and Costco fell after reporting disappointing results.
The Dow Jones industrial average was flat at 14,775 shortly after trading began Wednesday.
The Standard & Poor's 500 index was down less than a point at 1,654 and the Nasdaq composite fell 19 points, or 0.5 percent, to 3,674.
Later Wednesday President Barack Obama is expected to nominate Janet Yellen to head the Federal Reserve. Yellen has been a key ally of Fed Chairman Ben Bernanke and has piloted the bank's massive bond-buying program.
Men's Wearhouse soared after Jos. A. Bank Clothiers said that it's bidding $2.3 billion for the company.
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A federal jury continues to deliberate the fate of John McCluskey.
A Sandoval County sheriff's deputy is in critical condition after being hit by a vehicle while he was directing traffic at an earlier snow-related crash on Interstate 25.
KRQE Sports has learned that a developmental soccer team is coming to Albuquerque. The Albuquerque Sol FC will be affiliated with Major League Soccer.
KRQE News 13 is hosting a phone bank for Toys for Tots! To help and make a donation please call 505-768-2299 between 4 p.m. and 6 p.m. Thursday.
Albuquerque police have obtained an arrest warrant for the man investigators say held up a Home Depot store last month.
It's been steadily snowing in Albuquerque all morning as the majority of New Mexico feels the effects of the snow and dropping temperatures.