NEW YORK, June 11 (Xinhua) -- U.S. equities erased their earlier gains and traded lower around midday Tuesday amid a slew of lackluster economic data.

At midday, the Dow Jones Industrial Average dipped 13.63 points, or 0.05 percent, to 26,049.05. The S&P 500 was down 2.31 points, or 0.08 percent, to 2,884.42. The Nasdaq Composite Index decreased 8.75 points, or 0.11 percent, to 7,814.43.

Seven of the 11 primary S&P 500 sectors traded on a downbeat note, with industrials retreating more than 1 percent, the worst-performing group. Communication services and energy, however, outperformed.

Shares of the U.S. aircraft manufacturing giant United Technologies Corporation declined 4.2 percent in midday trading, leading the laggards in the Dow.

On the economic front, the seasonally adjusted producer price index for final demand edged up 0.1 percent in May, the U.S. Bureau of Labor Statistics reported Tuesday. Final demand prices advanced 0.2 percent in April and 0.6 percent in March.

In May, the rise in final demand prices is attributable to a 0.3-percent increase in the index for final demand services. In contrast, prices for final demand goods declined 0.2 percent, according to the report. Enditem

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