Disappointing earnings news weighed down the markets during the midday with the Dow dropping 59 points to 12,790. Nasdaq slipped 2 points to 2401.
On the upside
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by 7 to 5 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 4 points to 717.