FILE - In this Friday, March 1, 2013 file photo, Trader Edward Schreier works on the floor of the New York Stock Exchange. World stock markets edged off recent highs in uneven trading Tuesday March 12, 2013 as worries grew about China's recovery and Europe's doldrums. (AP Photo/Richard Drew)
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FILE - In this Friday, March 1, 2013 file photo, Trader Edward Schreier works on the floor of the New York Stock Exchange. World stock markets edged off recent highs in uneven trading Tuesday March 12, 2013 as worries grew about China's recovery and Europe's doldrums. (AP Photo/Richard Drew)
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FILE - In this Monday, March 4, 2013, file photo, traders work at the New York Stock Exchange, in New York. A positive jobs report that pushed the Dow to another record high this week and better-than-expected Chinese exports helped boost world stock markets Friday March 8, 2013. (AP Photo/Mark Lennihan, file)
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Specialist Donald Civitanova, right, works at his post on the floor of the New York Stock Exchange Friday, March 8, 2013. Stocks are opening higher on Wall Street after the government reported a burst of hiring last month that sent the unemployment rate to a four-year low. (AP Photo/Richard Drew)
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Specialist John McNierney, right, works on the floor of the New York Stock Exchange Friday, March 8, 2013. Stocks are opening higher on Wall Street after the government reported a burst of hiring last month that sent the unemployment rate to a four-year low. (AP Photo/Richard Drew)
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Traders work in their booth on the floor of the New York Stock Exchange Friday, March 8, 2013. Stocks are opening higher on Wall Street after the government reported a burst of hiring last month that sent the unemployment rate to a four-year low. (AP Photo/Richard Drew)
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FILE - In this Feb. 20, 2013, file photo, Maureen Smaldone, a trader for Brendan E. Cryan and Company, monitors trading activity from her workstation at the New York Stock Exchange. The positive mood in financial markets showed few signs of abating Thursday March 7, 2013 ahead of policy statements from Europe's top two central banks. (AP Photo/Bebeto Matthews, File)
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In this Wednesday, Oct. 24, 2012, photo, Specialists Jay Woods, left, and Donald Himpele work at the post that handles Bank of America on the floor of the New York Stock Exchange. Stock futures edged higher Thursday, Oct. 25, with some positive numbers coming out of the manufacturing sector and potentially more evidence of an improving jobs picture. (AP Photo/Richard Drew)
US stocks waver after seven straight gains
NEW YORK (
AP) — Stocks are wavering on Wall Street in midday trading following a seven-day rally.
The Dow Jones industrial inched up three points, or 0.04 percent, to 14,453 shortly before noon Eastern.
The Standard & Poor's 500 was down four points, or 0.3 percent, at 1,551. The Nasdaq composite dropped 17 points, or 0.5 percent, to 3,236.
The stock market is coming off its longest rally in a year. The last time the Dow rose for seven days straight was March 2012.
KFC owner Yum Brands rose 2 percent after the company announced a smaller-than-expected drop in its sales in China for the months of January and February following a food scare over its chicken suppliers.
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