US stocks edge lower at midday as a 3-day rally peters out
Source: AP-Excite
By ALEX VEIGA
Major stock indexes inched lower in midday trading Friday, paring some of the gains they made the day before.
Energy stocks were among the biggest decliners as oil prices fell. Investors were keeping an eye on events in China, where the main stock market plunged, and Europe, where talks between Greece and its creditors remain unresolved with a debt deadline looming at the end of the month.
Among individual stocks, Hershey slumped after cutting its revenue forecast.
KEEPING SCORE: The Dow Jones industrial average fell 54 points, or 0.3 percent, to 18,061 at 12:14 p.m. Eastern Time. The Standard & Poor's 500 index slipped six points, or 0.3 percent, to 2,115. The Nasdaq composite lost 14 points, or 0.3 percent, to 5,118. The market was coming off a rally that sent the Nasdaq to a record high the day before.
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FILE - This April 22, 2010, file photo, shows a Wall Street sign in front of the New York Stock Exchange. Asian shares pushed higher Friday, June 19, 2015, following a rally in U.S. markets, but China{2019}s benchmark sank again on worries over the potential impact of a flurry of initial public offerings and moves by regulators to curb margin trading. (AP Photo/Mark Lennihan, File)
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