Monday, March 04, 2013 11:55 am
Stocks mixed after China cools housing market
The Associated Press
The Dow Jones industrial average lost 10 points to 14,071 at midday Monday.
The Standard & Poor's 500 index rose less than a point to 1,518. The Nasdaq rose a fraction to 3,170.
Markets fell in China after Beijing raised taxes on housing profits.
U.S. economic growth may be crimped this year by automatic government spending cuts of $85 billion, which took effect Friday after President Barack Obama and Congress failed to reach a budget deal.
Hess rose 4 percent after the company said it would get out of the retail business as well as energy trading and marketing.