Markets Right Now: US stocks head lower on Wall Street - InfoNews

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Markets Right Now: US stocks head lower on Wall Street

FILE- In this March 5, 2019, file photo trader Gregory Rowe works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 2. (AP Photo/Richard Drew, File)
April 02, 2019 - 9:03 AM

NEW YORK - The latest on developments in financial markets (all times local):

11:45 a.m.

Consumer products and energy companies were pulling broad market indexes mostly lower on Wall Street in midday trading.

Walgreens Boots Alliance sank 12% Tuesday after slashing its forecast for full-year results and turning in quarterly profits that fell far short of what analysts were expecting. Competitor CVS Health gave up 2.7%.

Airlines were broadly higher after Delta raised its profit forecast for the current quarter. Delta jumped 7.1 per cent.

Several big technology companies also rose. Facebook climbed 2.7 per cent.

The S&P 500 index fell 1 point, or 0.1%, to 2,865.

The Dow Jones Industrial Average lost 83 points, or 0.3%, to 26,175. The Nasdaq edged up 8 points, or 0.1%, to 7,837.

Bond prices rose. The yield on the benchmark 10-year Treasury note fell to 2.48%.

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9:35 a.m.

Stocks are opening lower on Wall Street as the market pulls back following a three-day rally.

Health care and consumer products companies dragged the main U.S. indexes lower in early trading Tuesday.

Walgreens Boots Alliance sank 12.8% after slashing its forecast for full-year results and turning in quarterly profits that fell far short of what analysts were expecting. CVS Health gave up 4.3%.

Dow Inc. rose 3.1% in its first day of trading after being spun off from chemical maker DowDuPont.

The S&P 500 index fell 3 points, or 0.1%, to 2,864.

The Dow Jones Industrial Average lost 84 points, or 0.3%, to 26,173. The Nasdaq fell 4 points, or 0.1%, to 7,823.

Bond prices rose. The yield on the benchmark 10-year Treasury note fell to 2.48%.

News from © The Associated Press, 2019
The Associated Press

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