U.S. stock indexes took a leg lower Friday midday, relinquishing modest gains, after a report that the White House is considering a limit to U.S. investors' investments into China's asset market, according to Bloomberg News.
The Dow Jones Industrial Average was off 0.1% at 26,877, but had been at a high of 27,012, not far from its recent all-time high. The S&P 500 index % was 0.3% lower at 2,970, while the Nasdaq Composite Index retreated 0.6% to trade at 7,986. All three benchmarks had been trading higher on Friday prior to the report. A White House representative declined to comment on the report. --Rob Schroeder contributed to this article