Stocks slip in midday trading ahead of Fed minutes
More weakness from retailers is sending the stock market lower in midday trading on Wall Street.
NEW YORK (AP) - Investors were also on edge ahead of the release later Wednesday of minutes from the Federal Reserve s latest policy meeting.
The Dow Jones industrial average was down 61 points, or 0.4 percent, at 14,941 at noon. The Dow has fallen five days in a row, the longest losing streak this year. It hasn t closed below 15,000 since July 3.
The Standard & Poor s 500 index was down six points, or 0.4 percent, at 1,645. The Nasdaq composite was down nine points, or 0.3 percent, at 3,603.
American Eagle Outfitters plunged 9 percent after the teen retailer said it expects a big drop in profit in the current quarter as it deals with tough competition.
