Stocks fall midday; S&P remains near record

AP News
Posted: Mar 15, 2013 12:01 PM
Stocks fall midday; S&P remains near record

NEW YORK (AP) — U.S. stock markets are lower in midday trading, threatening to end the longest winning streak for the Dow in nearly 17 years.

A spike in gas prices drove up a measure of U.S. consumer costs in February by the most in more than three years.

The Dow Jones industrial average fell 31 points to 14,508 at noon Friday. That's a decline of 0.2 percent. The Dow rose for the tenth straight day Thursday to close at 14,539. The last time the Dow knocked out 10 straight days of gains was November 1996.

The Standard & Poor's 500 index fell nearly two points to 1,561. It's four points away from the record high it reached in October 2007.

The Nasdaq composite fell six points to 3,252.