Stocks slip a day after latest record for S&P 500

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Associated Press

Posted on December 10, 2013 at 12:02 PM

Updated Tuesday, Dec 10 at 12:06 PM

NEW YORK (AP) — The U.S. stock market is easing lower after another day of record highs.

The Dow Jones industrial average slipped 42 points, or 0.2 percent, to 15,986 in midday trading Tuesday.

The Standard & Poor's 500 index was down four points, 0.3 percent, to 1,803, just below its latest all-time high reached the day before. The Nasdaq composite fell six points, 0.1 percent, to 4,062.

Banking stocks were mostly higher after investors got some clarity on new banking regulations.

Federal regulators voted to approve the so-called Volcker Rule, which bars banks from betting on the market with their own money.

Goldman Sachs was up $2.48, or 1.5 percent, to $179.16 while Morgan Stanley was up 36 cents, or 1 percent, to $30.75.

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