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Stocks mostly lower on tepid US economic growth


April 26. 2013 12:36PM
Associated Press



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(AP) Stocks are mostly lower at midday following weak earnings from Amazon.com, Expedia and other companies and a report of slower growth in the U.S. economy than economists were expecting.


The Dow Jones industrial average was flat at 14,700 as of noon Friday.


The broader Standard & Poor's 500 index fell six points to 1,579, a decline of 0.4 percent. The Nasdaq composite was down 16 points at 3,273, a loss of 0.5 percent.


Stocks are still up for the month, but the gains are far below those made in the first three months of the year.


Amazon.com fell 7 percent after the company said it may report an operating loss in the second quarter. Expedia fell 8.8 percent after the online travel company's costs rose.


Associated Press


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