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Last updated: August 21. 2013 12:37PM - 885 Views
Associated Press



In this Tuesday, Aug. 13, 2013 photo, trader John Santiago, left, and John Liotti work on the floor of the New York Stock Exchange. Wall Street appears headed for a lower opening Wednesday, Aug. 21, 2013, based on futures trading. (AP Photo/Richard Drew)
In this Tuesday, Aug. 13, 2013 photo, trader John Santiago, left, and John Liotti work on the floor of the New York Stock Exchange. Wall Street appears headed for a lower opening Wednesday, Aug. 21, 2013, based on futures trading. (AP Photo/Richard Drew)
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(AP) More weakness from retailers is sending the stock market lower in midday trading on Wall Street.


Investors were also on edge ahead of the release later Wednesday of minutes from the Federal Reserve's latest policy meeting.


The Dow Jones industrial average was down 61 points, or 0.4 percent, at 14,941 at noon. The Dow has fallen five days in a row, the longest losing streak this year. It hasn't closed below 15,000 since July 3.


The Standard & Poor's 500 index was down six points, or 0.4 percent, at 1,645. The Nasdaq composite was down nine points, or 0.3 percent, at 3,603.


American Eagle Outfitters plunged 9 percent after the teen retailer said it expects a big drop in profit in the current quarter as it deals with tough competition.


Associated Press
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