By Scott Stoddard, Investor's Business Daily
Stocks were down at midday Friday after discouraging consumer sentiment and trade deficit data, and as progress stalled toward a Greek debt deal in Europe.
The Nasdaq slipped 0.7%, the S&P 500 0.8% and the Dow Jones industrial average 0.9%. Volume was 18% lower on the Nasdaq and down 2% on the NYSE compared with the same time Thursday.
Friday's losses were broad-based. Bank shares dropped after the European Union balked at Greek economic reforms aimed at securing funds to avoid defaulting on its debt next month. Investors worry that a default could spark another global financial crisis.
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