A dip in energy stocks is damaging the market after a government report indicated that consumers and businesses are cutting down on oil and gas.
A spike in gas last week is inspiring doubts regarding the economic recovery.
Oil fell below $77 a barrel, negating the early gains from technology stocks, surging Thursday, following the Hewlett-Packard Co. $2.7 billion takeover of 3Com Corp.
The Dow Jones industrial average is down just over 40 points at 10,250.75 at midday while The Standard & Poor's is down 5.46 at 1,093.05. The Nasdaq composite index is also down -5.56 points to 2,161.
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