US stocks slip in midday trading and are heading for their biggest weekly loss since April

The Associated Press
July 11, 2014 08:58 AM

NEW YORK, N.Y. - U.S. stocks are moving mostly lower in midday trading as investors assess corporate earnings.

The Dow Jones industrial average fell 28 points, or 0.2 per cent, to 16,886 as of midday Eastern time Friday.

The Standard & Poor's 500 index lost two points, or 0.1 per cent, to 1,962. The Nasdaq composite rose four points, or 0.1 per cent, to 4,400.

Fastenal, which makes industrial fasteners, fell 5 per cent after reporting revenue that fell short of analysts' estimates.

The S&P 500 index is poised for its biggest weekly loss since April after closing out the previous week at a record high. It's down 1.2 per cent so far this week.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.51 per cent.


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