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Last updated: October 09. 2013 12:37PM - 341 Views
Associated Press



FILE - In this Monday, Oct. 7, 2013, file photo, trader Gregory Rowe, left, and specialist Anthony Rinaldi work on the floor of the New York Stock Exchange. Stock futures are higher, Wednesday, Oct. 9, 2013, with President Barack Obama set to nominate Janet Yellen to head the Federal Reserve. (AP Photo/Richard Drew, File)
FILE - In this Monday, Oct. 7, 2013, file photo, trader Gregory Rowe, left, and specialist Anthony Rinaldi work on the floor of the New York Stock Exchange. Stock futures are higher, Wednesday, Oct. 9, 2013, with President Barack Obama set to nominate Janet Yellen to head the Federal Reserve. (AP Photo/Richard Drew, File)
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(AP) Stocks are little changed in midday trading on Wall Street as US companies report mixed earnings news.


Alcoa rose as aluminum demand increased, but KFC owner Yum brands fell after reporting disappointing results.


A recent slump in the stock market slowed Wednesday as President Barack Obama prepared to nominate Janet Yellen to head the Federal Reserve. Yellen has been an advocate of the Fed's massive bond-buying program.


The Dow Jones industrial average was flat at 14,777 as of noon Eastern.


The Standard & Poor's 500 index was down two points, or 0.2 percent, at 1,652 and the Nasdaq composite fell 34 points, or 1 percent, to 3,660.


Men's Wearhouse soared after Jos. A. Bank Clothiers said that it's bidding $2.3 billion for the company.


Associated Press
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