US stocks waver after seven straight gains

US Stocks wavered on Wall Street in midday trading following a seven-day rally.

The Dow Jones industrial inched up three points, or 0.04 per cent, to 14,453 shortly before noon Eastern.

The Standard & Poor's 500 was down four points, or 0.3 per cent, at 1,551. The Nasdaq composite dropped 17 points, or 0.5 per cent, to 3,236.

The stock market is coming off its longest rally in a year. The last time the Dow rose for seven days straight was March 2012.

KFC owner Yum Brands rose 2 per cent after the company announced a smaller-than-expected drop in its sales in China for the months of January and February following a food scare over its chicken suppliers.