US stocks edge lower at midday after early rise

Traders work on the floor of the New York Stock Exchange  (file) (Getty Images)
Traders work on the floor of the New York Stock Exchange (file) (Getty Images)
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Updated: 9/03 12:31 pm

The U.S. stock market is slipping after an early rise brought on reports of a cease-fire agreement in Ukraine.

The Standard & Poor's 500 eased one point, or less than 0.1 percent, to 2,000 in midday trading Wednesday. The Nasdaq fell 25 points, or 0.6 percent, to 4,572. The Dow Jones industrial average rose 20 points, or 0.1 percent, to 17,087.

The S&P 500 was up as much as seven points earlier after news that Russian President Vladimir Putin issued a peace plan for eastern Ukraine.

European and Russian stocks rose on the news. Russia's MICEX benchmark index was up 3.5 percent. Germany's DAX index, which is sensitive to the crisis because of the country's economic ties with Russia, jumped 1.3 percent.

 

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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