NEW YORK (AP) — The stock market is losing ground for a third straight day as investors grow uneasy about a rising dollar and spiking demand for the safest government debt.
A disappointing earnings report from computer maker Dell Inc. is weighing on technology shares Friday and hurting the Nasdaq composite index.
Demand for safe havens is higher after European Central Bank President Jean-Claude Trichet said the ECB plans to start reining in some of its stimulus programs. That could help keep inflation in check but also slow improvement in the economy.
At midday, the Dow Jones industrial average is down 41 at 10,291. The Standard & Poor's 500 index is down 6 at 1,089, while the Nasdaq is down 17 at 2,139.
