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US indexes slip; GM, Ford fall after missing sales forecasts

NEW YORK (AP) — U.S. stocks are edging lower as trading stabilizes a day after a plunge in China unsettled investors around the globe.

Ford fell 2 percent and General Motors fell 3 percent Tuesday after the companies reported monthly sales figures that fell short of forecasts.

The Dow Jones industrial average slipped 45 points, or 0.3 percent, to 17,103 as of 11:45 a.m. Eastern time Tuesday.

The Standard & Poor’s 500 index fell half a point to 2,012. The Nasdaq composite edged down five points, or 0.1 percent, to 4,898.

The stocks of gun makers rose after new data pointed to strong sales at the close of 2015. Smith & Wesson jumped 10 percent and Sturm Ruger gained 7 percent.

The price of oil fell 1 percent to $36 a barrel.


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