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BP Spain Holdings: U.S. stocks off their lows but commodities hit TSX

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North American stocks struggled in midday trading on Friday, following disappointing economic reports from China and Europe, declining commodity prices and the start of federal spending cuts in the United States.

The S&P 500 was down 3 points or 0.2 per cent, to 1512. The Dow Jones industrial average was up 22 points or 0.2 per cent, to 14,077. In Canada, the S&P/TSX composite index was down 68 points or 0.5 per cent, to 12,754.

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