Markets Right Now: Stock indexes barely budge on Wall Street - InfoNews

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Markets Right Now: Stock indexes barely budge on Wall Street

April 11, 2019 - 6:42 AM

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

9:35 a.m.

Stocks are barely moving in early trading on Wall Street as gains for banks are offset by losses elsewhere in the market, including energy companies.

Banks were getting some help early Thursday from rising bond yields, which allows them to earn more income on bonds they hold and also to charge higher interest rates on loans.

JPMorgan Chase was up 0.6%.

Oil prices fell. That helped to pull energy companies lower. Concho Resources gave up 1.7%.

The S&P 500 index edged up half a point to 2,888.

The Dow Jones Industrial Average was little changed at 26,152. The Nasdaq slipped 3 points to 7,961.

Bond prices fell. The yield on the benchmark 10-year Treasury rose to 2.49%.

News from © The Associated Press, 2019
The Associated Press

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