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US stock indexes sink as market heads for a second loss

Trader Thomas Kay works on the floor of the New York Stock Exchange Wednesday, March 4, 2015. U.S. stocks are opening lower, putting the market on track for a second day of losses. (AP Photo/Richard Drew)
Trader Thomas Kay works on the floor of the New York Stock Exchange Wednesday, March 4, 2015. U.S. stocks are opening lower, putting the market on track for a second day of losses. (AP Photo/Richard Drew)

By Associated Press 1 min read

NEW YORK (AP) – U.S. stocks are moving lower in midday trading as the market pulls back from record highs reached earlier this week.

The drop Wednesday was modest but broad: nine of the 10 sectors in the Standard & Poor’s 500 lost ground.

The Standard & Poor’s 500 index was down 12 points, or 0.6 percent, to 2,096 as of 11:45 a.m. Eastern time.

The Dow Jones industrial average lost 109 points, or 0.6 percent, to 18,093. The Nasdaq composite fell 18 points, or 0.4 percent, to 4,961.

Aluminum maker Alcoa sank 5 percent, the most in the S&P 500.