NEW YORK – U.S. stocks are lower in midday trading after Europe's central bank indicated that it won't act to stimulate the region's economy.
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European Central Bank President Mario Draghi hinted Thursday that the bank is ready to back a big monetary stimulus, but will wait until next year.
In the U.S., Barnes & Noble plunged 11 percent after the company said it was ending its agreement with Microsoft for its Nook e-reader.
The Dow Jones industrial average fell 53 points, or 0.3 percent, 17,859 as of 11:55 a.m. Eastern time.
The Standard & Poor's 500 index declined four points, or 0.2 percent, to 2,070. The Nasdaq composite fell three points, or 0.1 percent, to 4,771.
Crude oil lost 81 cents to $66.58 a barrel in New York.