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US stock market remains lower at midday on so-so economic data and weaker airline stocks

U.S. stocks are falling at midday as lacklustre news about the economy and declines in airline stocks weigh on the market.

The Dow Jones industrial average was down 62 points, or 0.4 per cent, to 16,780 as of 12:07 p.m. Eastern time Thursday. The Standard & Poor's 500 was off seven points, or 0.4 per cent, to 1,936. The Nasdaq slipped 12 points, or 0.3 per cent, to 4,319.

Consumer spending rose 0.3 per cent last month, the government said, just shy of the 0.4 per cent increase that economists expected.

Energy stocks rose broadly on fears that insurgent victories in Iraq could disrupt global oil supplies.

Higher crude prices helped push down airline stocks. Delta Air Lines fell $2.05, or 5 per cent, to $38.66. Southwest Airlines dropped $1.21, or 4.5 per cent, to $25.73.

The Canadian Press


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S&P TSX14312.07-235.64
S&P CDNX808.00-14.28
DJIA16461.32-153.49
Nasdaq4382.847-36.632
S&P 5001927.11-14.17
CDN Dollar0.8890-0.0005
Gold1239.70-5.80
Oil79.92-0.21
Lumber330.40+1.70
Natural Gas3.656-0.003

 
Okanagan Companies
Pacific Safety0.12+0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.055-0.025
Anavex Life Sciences0.198+0.006
Metalex Ventures0.05+0.005
Russel Metals32.53-0.56
Copper Mountain Mining2.10-0.07
Colorado Resources0.145-0.005
ReliaBrand Inc0.013+0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.405-0.055

 





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