US stocks fall in midday trading on mixed earnings

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Associated Press

Posted on May 6, 2014 at 9:02 AM

Updated Tuesday, May 6 at 9:03 AM

NEW YORK (AP) — Stocks are falling in midday trading following mixed earnings news from U.S. companies.

Home builder stocks fell after data provider CoreLogic reported that housing prices rose in March at a slower pace than a month earlier, the latest sign of weakness in the housing market.

Twitter plunged 12 percent after Twitter insiders were allowed to sell stock for first time since the company's initial public offering in November.

The Standard & Poor's 500 index slipped seven points, or 0.4 percent, to 1,877 at noon Tuesday. Bank stocks fell the most.

The Dow Jones industrial average lost 62 points, or 0.4 percent, to 16,467. The Nasdaq composite fell 12 points, or 0.3 percent, to 4,125.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.60 percent

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