Falling home prices and a drop in retail sales weighed down the markets during the midday with the Dow dropping 55 points to 12,822. Nasdaq slipped a fraction to 2488.
On the upside
Western Refining (NYSE: WNR) blamed record crude oil prices for swinging to a first quarter loss.
On the downside
In the broad market, advancing issues outpaced decliners by a slim margin on the NYSE while decliners barely edged out advancers on Nasdaq. The Russell 2000 which tracks small cap stocks added 2 points to 735.