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Summary Stocks slide on Wall Street for sixth straight day in the wake of European crisis.
US stocks are trading lower at midday as concern spreads that slow global growth and the European debt crisis will drag down US corporate earnings.Billionaire investment guru Warren Buffett said early Thursday that weak demand is hurting his retail, jewelry, carpet and other businesses. His outlook is dimmer than earlier this year, when Buffett said all but a handful of his companies were improving.There were new signals that Europes debt crisis continues to rage. Spains borrowing costs rose. Traders fretted about Chinese economic data due Friday that might reveal a rapid slowdown.The Dow Jones industrial average is down 63 at 12,541 as of 11:40 p.m. EDT (1540 GMT). The Standard & Poors 500 index is down 12 at 1,329. The Nasdaq is down 39 at 2,849.
