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Stocks give up and early gain and turn lower

Published March 13, 2014 8:19 am

This is an archived article that was published on sltrib.com in 2014, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

U.S. stocks are turning lower in midday trading after giving up an early gain.

The decline puts the Dow Jones industrial average on course for its fourth loss in a row.

As of noon Thursday the Dow was down 64 points, or 0.4 percent, at 16,276.

The Standard & Poor's 500 index fell five points, or 0.3 percent, to 1,862. The Nasdaq composite fell 17 points, or 0.4 percent, to 4,306.

Dollar General fell 2 percent after the company reported that its fourth-quarter earnings took a hit from harsh winter storms.

Amazon rose 2.4 percent after the company raised the price of its popular Prime membership to $99 per year.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.70 percent from 2.73 percent late Wednesday.

 

 


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