Posted: Feb 14, 2012 11:05 AM
Updated: Feb 14, 2012 11:05 AM
Source: Associated Press
NEW YORK- Stocks are falling on Wall Street in midday trading, weighed down by continuing economic struggles in Europe.
The Dow Jones industrial average slid 14 points to 12,860 at midday Tuesday. Bank of America led the Dow lower with a decline of 2.4 percent. The Standard & Poor's 500 fell 4points to 1,348. The Nasdaq fell 10 points to 2,921.
The declines were broad. Six of the 10 industry categories in the S&P 500 fell, led by financial companies and materials companies. Health care and energy stocks rose.
A modest gain in retail sales last month didn't get investors in a buying mood. The Commerce Department reported that U.S. retail sales edged up 0.4 percent last month, less than the 0.7 percent growth analysts had predicted.