Markets Right Now: Stocks end little changed on Wall Street | iNFOnews | Thompson-Okanagan's News Source

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Markets Right Now: Stocks end little changed on Wall Street

April 04, 2017 - 1:12 PM

The latest on developments in financial markets (All times local):

4:00 p.m.

Stocks are closing little changed on Wall Street as gains in energy companies are cancelled out by losses in banks and other parts of the market.

Oil and gas companies benefited from broad increases in energy prices. Chesapeake Energy jumped 6.8 per cent and Range Resources rose 4.2 per cent.

Staples jumped 9.8 per cent after the Wall Street Journal reported that the office supplies company is talking to private equity firms about a potential sale.

Lighting maker Acuity Brands plunged 14.8 per cent after its profit and sales were weaker than expected.

The Standard & Poor's 500 index edged up 1 point to 2,360.

The Dow Jones industrial average rose 39 points, or 0.2 per cent, to 20,689. The Nasdaq composite gained 4 points, or 0.1 per cent, to 5,898.

Small-company stocks fell.

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11:45 a.m.

The stock market shook off an early stumble and was trading mixed at midday.

Energy and industrial stocks were among the biggest gainers Tuesday. Range Resources rose 3.7 per cent. Caterpillar was up 2.3 per cent.

Staples jumped 10 per cent after the Wall Street Journal reported that the office supplies company is talking to private equity firms about a potential sale.

Lighting maker Acuity Brands plunged 12 per cent after its profit and sales were weaker than expected.

The Standard & Poor's 500 index was little changed at 2,358.

The Dow Jones industrial average rose 45 points, or 0.2 per cent, to 20,695. The Nasdaq composite was down a fraction at 5,894.

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9:35 a.m.

Stocks are edging lower in early trading on Wall Street with banks and energy companies taking the biggest losses.

Bank of America lost 1.4 per cent early Tuesday.

In earnings news, lighting maker Acuity Brands is down 12 per cent after its profit and sales were weaker than expected.

Retailer Conn's is up 28 per cent on strong earnings and a partnership with Progressive Leasing, which will provide financing to customers.

The Standard & Poor's 500 index fell 3 points, or 0.2 per cent, to 2,354.

The Dow Jones industrial average lost 19 points, or 0.1 per cent, to 20,632. The Nasdaq composite fell 2 points, or 0.1 per cent, to 5,892.

News from © The Associated Press, 2017
The Associated Press

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