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Stocks edge lower after a three-day rally

Stocks edge lower after a three-day rally

U.S. stocks are slipping following a three-day rally that brought the Dow Jones industrial average back above 12,000 for the first time since an earthquake hit Japan just over a week ago.
The Dow Jones industrial average is down 9 points to 12,028 in midday trading. The S&P 500 is down 2, or 0.1 percent, to 1,296. The Nasdaq composite is down 5, or 0.2 percent, to 2,687.
A day with such little change for stocks has been rare so far in March. The Dow has moved up or down by at least 100 points in four of the last five days. Developments in Japan's nuclear crisis and the violence in Libya have been driving the volatility.
Crude oil, a major source of concern since mid-February, is up $1 to $104 per barrel.


Updated : 2021-05-13 14:12 GMT+08:00