US stock indexes move lower in midday trading, continuing a slump from day before
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U.S. stocks are slipping in midday trading, continuing a downward trajectory from the day before.
The Dow Jones industrial average fell 78 points, or 0.4 percent, to 17,698 as of 11:45 a.m. Eastern time Wednesday. The Dow slumped 200 points on Tuesday.
The Standard & Poor's 500 index lost seven points, or 0.4 percent, to 2,060. The Nasdaq composite declined 25 points, or 0.5 percent, to 4,875.
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European markets rose after an encouraging report that factory output in the region was at a 10-month high in March.
The price of oil rose $1.94 to $49.55 a barrel in New York.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.87 percent.