Stocks mostly lower on tepid US economic growth

NEW YORK (AP) — Stocks are mostly lower at midday following weak earnings from Amazon.com, Expedia and other companies and a report of slower growth in the U.S. economy than economists were expecting.

The Dow Jones industrial average was flat at 14,700 as of noon Friday.

The broader Standard & Poor’s 500 index fell six points to 1,579, a decline of 0.4 percent. The Nasdaq composite was down 16 points at 3,273, a loss of 0.5 percent.

Stocks are still up for the month, but the gains are far below those made in the first three months of the year.

Amazon.com fell 7 percent after the company said it may report an operating loss in the second quarter. Expedia fell 8.8 percent after the online travel company’s costs rose.

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