Markets Right Now: Stocks break a 5-day winning streak
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
Stocks are ending broadly lower on Wall Street, breaking a five-day winning streak for the S&P 500 index.
Technology companies posted some of the biggest losses Tuesday. Microsoft lost 1.3%.
Some banks rose after reporting results that beat analysts’ forecasts. Goldman Sachs rose 1.9% and JPMorgan Chase rose 1.1%.
Earnings reporting season is getting into full swing for U.S. companies. Domino’s Pizza slumped 8.7% after reporting weaker sales than the market expected.
The S&P 500 index slipped 10 points, or 0.3%, to 3,004.
The Dow Jones Industrial Average fell 23 points, or 0.1%, to 27,335. The Nasdaq fell 35 points, or 0.4%, to 8,222.
Bond prices fell. The yield on the 10-year Treasury rose to 2.12%.
___
11:45 a.m.
Stocks drifted sideways in midday trading as investors assessed a mixed bag of corporate earnings and economic reports.
Technology and health care companies fell Tuesday, offsetting gains in other sectors of the market including industrial companies and banks.
Microsoft fell 1.2% and Johnson & Johnson fell 1.5%. Railroad operator Union Pacific climbed 1.8%.
Several big U.S. banks reported their latest results. JPMorgan Chase climbed 1% after saying its quarterly profits rose 16% from the same period a year earlier.
The S&P 500 index slipped 5 points, or 0.2%, to 3,009.
The Dow Jones Industrial Average was little changed at 27,365. The Nasdaq fell 15 points, or 0.2%, to 8,242.
Bond prices fell. The yield on the 10-year Treasury rose to 2.13%.
___
9:35 a.m.
Technology and health care companies are leading U.S. stock indexes slightly lower in early trading on Wall Street.
Texas Instruments lost 1.4% in the first few minutes of trading Tuesday, and Johnson & Johnson fell 2%.
Industrial companies were broadly higher. Union Pacific climbed 1%
The S&P 500 index fell 1 point to 3,012.
The Dow Jones Industrial Average edged up 18 points, or 0.1%, to 27,376. The Nasdaq fell 9 points, or 0.1%, to 8,249.
Bond prices fell. The yield on the 10-year Treasury rose to 2.13%.
