Stocks turned lower this morning as geopolitical tensions in the Ukraine and the Middle East continued to weigh on investors.
Job openings in the U.S. rose to 4.67 million in June from 4.58 in the previous month according to the Department of Labor. Openings are now at the highest level since 2001. There are now around 2 unemployed people per job opening, down from 3 in June 2013.
The U.S. budget deficit from October 2013 (the beginning of the Government's fiscal year) to July fell 24% to $460.45 billion from the year-ago period. The defect is now at the smallest level since 2008 as receipts rose 8% and spending rose 1%.
At midday the Dow, S&P 500 and Nasdaq were down 0.2%, 0.3% and 0.4% respectively.
Stocks on the Move
There was no major corporate news this morning.