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US stocks dip in early trading as Wall Street takes its foot off the pedal at midweek
NEW YORK (AP) ' Stocks are opening sharply lower after a mostly strong start to the week, yanked down by concerns about the debt crisis in Europe.
The Dow Jones industrial average is down 75 points to 13,041 in the opening minutes of trading Wednesday, a day after soaring 194 points, its biggest this year.
The Standard & Poor's 500 is down six at 1,384 and the Nasdaq composite index is down 11 points to 3,032.
Spain, which sent markets higher Tuesday after its successful bond sale, reported that the proportion of bad loans at the country's banks rose to an 18-year high.
In the U.S., Halliburton rose 3 percent after the oil services company posted a 23 percent jump in first-quarter profits.