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Author: Elena Todorova
123jump.com
Last Update: 12:03 PM EDT June 04 2007
The U.S. market averages turned in a lackluster performance in late morning trading after posting a notable weakness at opening. The Dow traded lower, dragged by Citigroup, Merck, Coca-Cola, and Procter & Gamble, each falling about 1%. However, Wal-Mart and General Electric limited the downward trend, rising 3% and 1.3%, respectively. Airline stocks fell after Continental Airlines reported lower revenues per passenger in May. Continental shares dropped 3.6%. |
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