Stocks slip in midday trading on Wall Street

NEW YORK (AP) — The stock market is edging lower in midday trading after a big drop the day before.

The Dow Jones industrial average was down 37 points at 14,923 at noon Eastern Daylight Time Thursday, a decrease of 0.3 percent.

The Dow dropped 217 points the day before. The index of 30 big-name stocks could be headed for its first three-day losing streak this year.

The Standard & Poor’s 500 index was down a point at 1,607, a decrease of 0.1 percent.

The Nasdaq composite fell four points to 3,396 points, or 0.1 percent.

L Brands, owner of Victoria’s Secret and Bath and Body Works, fell $1.16, or 2.2 percent, to $50.50 after reporting sales growth that was below the estimates of financial analysts.

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s