US stocks drift lower in midday trading; oil price jumps

May 5, 2015 5:14 PM

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NEW YORK (AP) — Stocks are moving lower in midday trading following two days of gains that brought the market close to a record high.

Vornado Realty Trust slumped 3 percent Tuesday after reporting results that fell short of analysts' forecasts.

Also read: French election result gives markets a start-of-week lift

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