Markets Right Now: Health care pulls stocks lower again
NEW YORK (AP) - The latest on developments in global financial markets (all times local):
4:00 p.m.
More declines in health care stocks are pulling indexes lower on Wall Street.
Biotechnology companies continued to fall Thursday as pressure mounts on them over their drug pricing practices.
Allergan fell 3 percent and Celgene lost 2 percent. Mylan, which has been under fire for steep price increases in its EpiPen product, lost 1 percent.
Dollar General plunged 18 percent after its results fell short of analysts' forecasts.
The Dow Jones industrial average fell 33 points, or 0.2 percent, to 18,448.
The Standard & Poor's 500 index gave up 3 points, or 0.1 percent, to 2,172. The Nasdaq composite edged down 5 points, or 0.1 percent, to 5,212.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.58 percent.
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11:45 a.m.
U.S. stock indexes are wavering between small gains and losses as a late summer lull on Wall Street continues.
Several companies fell sharply in midday trading Thursday after reporting disappointing results.
Dollar General dropped 14 percent after its earnings and revenue fell short of analysts' forecasts.
Signet Jewelers also dropped 14 percent after its results also missed estimates.
The Dow Jones industrial average fell 5 points, less than 0.1 percent, to 18,474.
The Standard & Poor's 500 index was up a point at 2,176. The Nasdaq composite edged up 6 points, or 0.1 percent, to 5,224.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.57 percent.
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10:10 a.m.
U.S. stock indexes are slightly lower in early trading, while several companies fell sharply after reporting disappointing results.
Dollar General dropped 12 percent in early trading Thursday after its earnings and revenue fell short of analysts' forecasts.
Signet Jewelers also dropped 13 percent after its results also missed estimates.
The Dow Jones industrial average fell 5 points, less than 0.1 percent, to 18,474.
The Standard & Poor's 500 index was down a fraction at 2,175. The Nasdaq composite slipped a point to 5,216.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.57 percent.
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9:35 a.m.
U.S. stock indexes are opening slightly lower, while several companies fell sharply after reporting disappointing results.
Dollar General dropped 11 percent in early trading Thursday after its earnings and revenue fell short of analysts' forecasts.
Signet Jewelers also dropped 11 percent after its results also missed estimates.
The Dow Jones industrial average fell 24 points, or 0.1 percent, to 18,460.
The Standard & Poor's 500 index lost 2 points, or 0.1 percent, to 2,172. The Nasdaq composite slipped 8 points, or 0.2 percent, to 5,208.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.57 percent.