|By MATTHEW CRAFT, AP Business Writer|
The Dow Jones industrial average slipped 35 points to 13,192 shortly after noon Eastern (
The Spanish government said that country's economy shrank 0.3 percent in the first three months of the year, the second straight quarter of contraction.
A sharp drop in an index of Midwestern manufacturing and a slowdown in U.S. consumer spending last month added to worries that the U.S. economy is slowing down. Weaker earnings reports from health insurer
The Standard & Poor's 500 index fell seven points to 1,396 and the Nasdaq composite fell 18 points to 3,051.
The losses were broad. Nine of the ten industry groups in the
European markets were mainly lower over growing concerns about
Ratings agency Standard & Poor's downgraded
The stock market is coming off its best week in a month. The
Stocks to watch include
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