Markets Right Now: Stocks are mixed in midday trading - InfoNews

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Markets Right Now: Stocks are mixed in midday trading

In this April 5, 2018, photo, a pedestrian passes the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, April 11. (AP Photo/Richard Drew)
April 11, 2018 - 9:03 AM

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

11:45 a.m.

Stocks are clawing back much of the ground they lost in an early tumble and are trading mixed at midday on Wall Street.

An upturn in energy stocks Wednesday helped offset losses in other parts of the market.

Energy companies rose along with the price of crude oil, which gained 2.2 per cent. Occidental Petroleum rose 1.7 per cent.

Banks remained lower. Bank of America was down 1.4 per cent and JPMorgan Chase gave up 1.2 per cent.

The S&P 500 fell 3 points, or 0.1 per cent, to 2,653.

The Dow Jones industrial average lost 110 points, or 0.4 per cent, to 24,298. The Nasdaq rose 13 points, or 0.2 per cent, to 7,107.

Bond prices rose. The yield on the 10-year Treasury fell to 2.77 per cent.


9:35 a.m.

Stocks are opening lower on Wall Street as the market gives back some of its gains from a day earlier.

Technology companies and banks had some of the biggest losses in early trading Wednesday. Microsoft gave back 1 per cent, and JPMorgan Chase and Bank of America each fell 1.2 per cent.

Investors were unsettled by threats of military action against Syria by President Donald Trump. The market had rallied the day before on signs that trade tensions between the U.S. and China were easing.

The S&P 500 fell 11 points, or 0.5 per cent, to 2,644.

The Dow Jones industrial average lost 158 points, or 0.7 per cent, to 24,247. The Nasdaq declined 18 points, or 0.3 per cent, to 7,075.

Bond prices rose. The yield on the 10-year Treasury fell to 2.77 per cent.

News from © The Associated Press, 2018
The Associated Press

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