FILE - In this Dec. 12, 2011 file photo, specialist John O'Hara, right, works on the floor of the New York Stock Exchange. Stock markets retreated slightly Wednesday, Jan. 4, 2012, after a surprisingly buoyant start to the new year triggered by a run of encouraging U.S. economic data. (AP Photo/Richard Drew, File)
FILE - In this Dec. 12, 2011 file photo, specialist John O'Hara, right, works on the floor of the New York Stock Exchange. Stock markets retreated slightly Wednesday, Jan. 4, 2012, after a surprisingly buoyant start to the new year triggered by a run of encouraging U.S. economic data. (AP Photo/Richard Drew, File)
Stocks are down slightly in midday trading, following declines in Europe, as worries about the region's debt crisis pushed the euro lower against the dollar.
The Dow Jones industrial average is down 25 points to 12,372 just before midday on Wednesday. The Standard & Poor's 500 index is down almost 5 points to 1,272, and the Nasdaq fell almost 8 points to 2,641.
Banks had the biggest declines.
European markets fell on Wednesday. Another increase in Italy's borrowing rates renewed worries about Europe's efforts to restore investor confidence in its governments.
Investors were also discouraged by a report from the Commerce Department that demand for goods such as computers and electronic equipment, which signals business investment, dropped 1.2 percent in November. That was the second monthly decline in a row.
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