NEW YORK – U.S. stocks are mostly lower in midday trading, led by declines in energy companies as the price of oil falls again.
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Chevron and Exxon Mobil were among the biggest decliners in the Dow Jones industrial average Wednesday.
The Dow was down 35 points, or 0.2 percent, to 17,832 as of 11:55 a.m. Eastern time.
The Standard & Poor's 500 index slipped a point, less than 0.1 percent, to 2,067. The Nasdaq composite rose 19 points, or 0.4 percent, to 4,807.
The price of oil fell 70 cents to $49.33 a barrel in New York. Oil has lost more than half its value since last June as supplies increase and demand decreases.
PepsiCo rose 2 percent after reporting earnings that were better than analysts were expecting.