Markets Right Now: Stocks are mostly lower on Wall Street

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

11:45 a.m.

Major U.S. stocks indexes are mostly lower in midday trading as the market extends a bout of weakness into a third day.

Industrial companies and consumer products makers were broadly lower Tuesday. 3M fell 2.6% and Procter & Gamble lost 1.3%.

Those losses were partly offset by gains in other sectors. Netflix rose 1.7% and Advanced Micro Devices rose 2.5%.

Acacia Communications jumped 35% after the company agreed to be acquired by Cisco Systems.

The S&P 500 index slipped 2 points, or 0.1%, to 2,973.

The Dow Jones Industrial Average lost 91 points, or 0.3%, to 26,714. The Nasdaq shook off an early loss and was up 21 points, or 0.3%, to 8,119.

Bond prices fell. The yield on the 10-year Treasury rose to 2.05%.

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9:35 a.m.

Stocks are off to a weak start on Wall Street as the market extends its slump into a third day.

Banks and technology companies took some of the biggest losses in early trading Tuesday. State Street lost 1.1% and chipmaker Intel fell 1%.

Acacia Communications jumped 35% after the company agreed to be acquired by Cisco Systems.

The S&P 500 index fell 8 points, or 0.3%, to 2,967.

The Dow Jones Industrial Average lost 100 points, or 0.4%, to 26,704. The Nasdaq fell 22 points, or 0.3%, to 8,075.

Bond prices fell. The yield on the 10-year Treasury rose to 2.06%.