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Last updated: May 24. 2013 12:38PM - 606 Views
Associated Press



Trader Donato Cuttone works on the floor of the New York Stock Exchange near the close of trading, Thursday, May 23, 2013. Stocks are ended the day slightly lower after recouping a big loss early on. U.S. markets fell immediately after the opening bell following a global slump prompted in part by an unexpectedly weak report on manufacturing in China.(AP Photo/Richard Drew)
Trader Donato Cuttone works on the floor of the New York Stock Exchange near the close of trading, Thursday, May 23, 2013. Stocks are ended the day slightly lower after recouping a big loss early on. U.S. markets fell immediately after the opening bell following a global slump prompted in part by an unexpectedly weak report on manufacturing in China.(AP Photo/Richard Drew)
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(AP) The stock market is heading lower in midday trading, putting it on track for its first weekly loss in a month.


The Dow Jones industrial average was down 30 points at 15,264 as of noon Eastern Daylight Time Friday, a drop of 0.3 percent.


The Standard & Poor's 500 was down five points at 1,645, a fall of 0.3 percent.


The market is headed for its first weekly loss in five weeks. Anxiety over the Federal Reserve's bond-buying program was the main culprit.


The Nasdaq composite fell 14 points, or 0.4 percent, to 3,445.


Sears plunged 17 percent after the department-store chain reported a steep quarterly loss and slumping sales.


Procter & Gamble surged 4 percent after the household products giant said it's bringing back its former CEO, A.G. Lafley.


Associated Press
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