Markets Right Now: Stocks turn lower as energy sector fades
NEW YORK (AP) - The latest on developments in global financial markets (all times local):
4:00 p.m.
U.S. stocks are ending modestly lower after three days of big, erratic moves.
Energy companies led the declines Wednesday as the price of oil slipped again. Murphy Oil slumped 4 percent.
Technology companies bucked the downward trend and ended higher, led by a gain in Apple.
Utilities rose as bond yields fell, making those stocks more appealing to investors seeking income. Consolidated Edison rose 1 percent.
The Dow Jones industrial average lost 31 points, or 0.2 percent, to 18,034.
The Standard & Poor's 500 index fell 1 point, or 0.1 percent, to 2,125. The Nasdaq composite climbed 18 points, or 0.4 percent, to 5,173.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.70 percent.
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11:45 a.m.
U.S. stocks are slightly higher in midday trading, led by gains in technology companies and utilities.
Apple climbed another 4 percent Wednesday, the biggest gain in the Dow Jones industrial average.
Utilities gained as bond yields fell, making those stocks more appealing to investors seeking income. Consolidated Edison rose 1 percent.
Oil and gas companies continued to fall along with energy prices. Murphy Oil gave up 4 percent.
The Dow average was up 31 points, or 0.2 percent, to 18,100.
The Standard & Poor's 500 index rose 6 points, or 0.3 percent, to 2,134. The Nasdaq composite climbed 38 points, or 0.7 percent, to 5,193.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.68 percent.
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9:35 a.m.
Stocks are opening slightly higher on Wall Street, led by gains in technology and health care companies.
It was a quiet open for stocks on Wednesday a day after the market dropped sharply.
Apple rose 2 percent, the biggest gain in the Dow Jones industrial average.
The Dow was up 10 points, less than 0.1 percent, to 18,075.
The Standard & Poor's 500 index edge up 1 point to 2,128. The Nasdaq composite climbed 16 points, or 0.3 percent, to 5,170.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.71 percent.