NEW YORK (AP) - Stock prices turned lower at midday on Wall
Street after initial enthusiasm faded over a massive stimulus
package announced in China.

China's plans to boost its economy through a mix of spending,
subsidies, looser credit policies and tax cuts sparked rallies in
Asian and European markets. The package could benefit multinational
companies with business in China such as General Electric Co. and
Caterpillar Inc.

However, the impact on the U.S. is likely to be limited - and
could mean that China buys fewer U.S. Treasury bonds. That's a
problem because the U.S. government is planning to sell a huge
amount of Treasurys in the coming months to finance its financial
system bailout.

GM - one of the 30 companies that make up the Dow - earlier hit
its lowest level in more than 60 years.