Markets Right Now: Stocks move broadly lower on Wall Street - InfoNews

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Markets Right Now: Stocks move broadly lower on Wall Street

FILE- In this April 2, 2019, file photo specialist Gregg Maloney, left, and trader Tommy Kalikas work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, April 9. (AP Photo/Richard Drew, File)
April 09, 2019 - 8:53 AM

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

11:45 a.m.

U.S. stocks are moving broadly lower in midday trading on Wall Street, putting the S&P 500 index on track to end an eight-day winning streak.

Banks and industrial companies lead the way lower Tuesday. Wells Fargo lost 1.4% and General Electric gave up 3.5%

Energy companies also fell as the price of crude oil turned lower. Exxon Mobil lost 1.2%.

Markets got some disappointing news on the global economy. The International Monetary Fund lowered its forecast for growth in the U.S., Europe and Japan.

The S&P 500 index fell 13 points, or 0.4%, to 2,882.

The Dow Jones Industrial Average lost 160 points, or 0.6%, to 26,180. The Nasdaq fell 15 points, or 0.2%, to 7,938.

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

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9:35 a.m.

Stocks are opening broadly lower on Wall Street as banks and industrial companies post losses.

Energy companies were also falling in early trading Tuesday as the price of crude oil turned lower.

United Rentals gave up 2.4% and JPMorgan Chase lost 1%.

Markets also got some disappointing news on the global economy. The International Monetary Fund lowered its forecast for economic growth in the U.S., Europe and Japan.

The S&P 500 index fell 12 points, or 0.4%, to 2,882.

The Dow Jones Industrial Average lost 170 points, or 0.7%, to 26,173. The Nasdaq fell 30 points, or 0.4%, to 7,923.

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

News from © The Associated Press, 2019
The Associated Press

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