Stocks edge lower in midday trading; Mattel sinks

By The Associated Press

Published July 17, 2014 3:50pm ET

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Stocks edge lower in midday trading; Mattel sinks — FILE - In this Aug. 16, 2007 file photo, the flags on the facade of the New York Stock Exchange are a backdrop for a Wall Street street sign. European stocks were lower after most Asian markets abandoned modest gains Thursday July 17, 2014 ahead of U.S. economic data and corporate earnings reports. (AP Photo/Richard Drew, file) | RICHARD DREW

Stocks are moving slightly lower at midday following mixed news about the economy and the latest batch of corporate earnings.

The Standard & Poor’s 500 index fell 10 points, or 0.5 percent, to 1,971 as of midday Thursday.

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