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Dow edges higher at midday but other indexes are mixed on Wall Street; Citigroup slumps
Stocks are mixed on Wall Street, a day after the market had its biggest gain of the year. Citigroup fell after failing to convince regulators it was healthy enough to raise its dividend.
The Dow Jones industrial average was up 7 points at 13,185 at midday Wednesday.
The Standard & Poor's 500 index was off two points at 1,394, and the Nasdaq composite was down three at 3,037.
Other market indicators were mixed. Only three of the 10 industry groups in the S&P 500 rose, and falling stocks outnumbered rising ones more than 2-to-1 on the New York Stock Exchange.
The yield on the benchmark 10-year Treasury note rose sharply, hitting 2.23 percent, up from 2.11 percent late Tuesday.