An early gain fades on Wall Street; GM slumps

Associated Press
FILE - In this Tuesday, Dec. 31, 2013 file photo, traders work on the floor at the New York Stock Exchange in New York. European stocks edged higher on Friday, Jan. 3, 2014, recovering from a bad first day of the year, but Asian markets closed lower following declines on Wall Street. (AP Photo/Seth Wenig, File)

NEW YORK (AP) — The stock market is continuing to have a sluggish start to the New Year.

Major indexes are finishing mixed on Wall Street Friday, the second day of trading in 2014.

The Standard & Poor's 500 index edged down less than a point to 1,831. The Dow Jones industrial average rose 28 points, or 0.2 percent, to 16,467. The Nasdaq composite lost 11 points, or 0.3 percent, to 4,131.

The Dow opened the year with a 135-point drop on Thursday, the first decline on an opening day of the year since 2008.

On Friday General Motors lost 3 percent after reporting that sales slid 6 percent last month.

Delta jumped 6 percent after reporting that a key measure of revenue rose 10 percent in December.