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An early rise fades by midday on Wall Street

November 1, 2013

NEW YORK (AP) — An early rise on Wall Street was mostly gone by midday as the stock market comes off of a record-setting October.

The Dow Jones industrial average was up just seven points, or 0.1 percent, at 15,552 at noon Eastern time (1600 GMT) Friday. It was up 103 points earlier.

The Standard & Poor’s 500 index was down two points, or 0.1 percent, at 1,754. The Nasdaq composite was down 11 points, or 0.3 percent, at 3,907.

Trading was halted on the Nasdaq Options Market as of 10:36 a.m. Eastern time, according to Nasdaq OMX. Regular stock trading was not affected.

The S&P 500 closed at a record high seven times during October, most recently on Tuesday. It ended October with a gain of 4.5 percent.

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