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Stocks mostly lower after latest record high

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Photo - Rinda Sutrarhada, 20, writes the name of one of the victims from Fridays' shootings on a remembrance wall across the street from the IV Deli Mart, where part of the mass killings took place, on Tuesday, May 27, 2014 in the Isla Vista area near Goleta, Calif. Sheriff's officials said Elliot Rodger, 22, went on a rampage near the University of California, Santa Barbara, stabbing three people to death at his apartment before shooting and killing three more in a crime spree through a nearby neighborhood. (AP Photo/Chris Carlson)
Rinda Sutrarhada, 20, writes the name of one of the victims from Fridays' shootings on a remembrance wall across the street from the IV Deli Mart, where part of the mass killings took place, on Tuesday, May 27, 2014 in the Isla Vista area near Goleta, Calif. Sheriff's officials said Elliot Rodger, 22, went on a rampage near the University of California, Santa Barbara, stabbing three people to death at his apartment before shooting and killing three more in a crime spree through a nearby neighborhood. (AP Photo/Chris Carlson)
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NEW YORK (AP) — Stocks are mostly lower in midday trading after setting a record high the day before.

Botox maker Allergan fell 4 percent after Valeant Pharmaceuticals made a new unsolicited offer for the company.

Toll Brothers rose 2 percent after reporting that its profits more than doubled as the home builder raised prices and delivered more houses.

The Standard & Poor's 500 index was flat at 1,911 as of noon Eastern time Wednesday. The index closed at a record the day before.

The Dow Jones industrial average fell 22 points, or 0.1 percent, to 16,653. The Nasdaq lost five points, or 0.1 percent, to 4,231.

Bond prices continued to rise. The yield on the 10-year Treasury note fell to 2.44 percent. The yield is the lowest it's been in nearly a year.

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