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Carl Icahn

US stocks edge lower in midday trading after two-day surge

US stocks edge lower in midday trading after two-day surge

U.S. stocks drifted between small gains and losses in midday trading Friday, at the end of a volatile week. Stocks fell heavily in the first two days of trading this week on concerns about the health of China's economy. The market then rebounded sharply over the next two days as investors decided the sell-off was overdone. "People are taking a little bit of a pause," said Paul Springmeyer, senior portfolio manager at the Private Client Reserve at U.S. Bank. "We're finally winding down here where maybe we're seeing more rational behavior." The Dow Jones industrial average fell 29 points, or 0.2 percent, to 16,627 as of 12:38 p.m. Eastern time Friday. The...

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