Markets Right Now: Stocks end a wobbly day broadly lower
NEW YORK (AP) — The latest on developments in financial markets (all times local):
After a wobbly day of trading, U.S. stocks closed broadly lower for the seventh time in the past eight days as technology companies continued to slide.
The market’s losses Monday were limited relative to the steep drops last week. Gains by industrial and high-dividend companies helped limit the retreat.
Apple fell 2.1 percent and Microsoft fell 1.8 percent.
Defense contractors L3 and Harris rose sharply after announcing a deal to combine.
The S&P 500 index fell 16 points, or 0.6 percent, to 2,750.
The Dow Jones Industrial Average lost 89 points, or 0.4 percent, to 25,250. The Nasdaq composite gave up 66 points, or 0.9 percent, to 7,430.
Small-company stocks rose.
Bond prices fell. The yield on the 10-year Treasury note rose to 3.15 percent.
Stocks are shaking off an early loss and moving slightly higher in midday trading on Wall Street.
Technology companies continue to slump Monday, but high-dividend stocks like household goods makers and real estate companies are gaining ground.
Major indexes are coming off their worst week since late March as investors worry about rising interest rates and trade tensions between the U.S. and China.
Bank of America dropped 1.8 percent after reporting disappointing loan growth.
The S&P 500 index rose 1 point to 2,768.
The Dow Jones Industrial Average climbed 81 points, or 0.3 percent, to 25,423. The Nasdaq composite fell 23 points, or 0.3 percent, to 7,472.
Bond prices fell. The yield on the 10-year Treasury note rose to 3.16 percent.
Stocks are opening mostly lower as technology companies continue to fall. Major U.S. indexes are coming off their worst week in six months.
Texas Instruments fell 1.4 percent and Microsoft lost 0.8 percent Monday.
Banks declined as well. Bank of America fell 1.3 percent after reporting its third-quarter results.
The S&P 500 index lost 7 points, or 0.3 percent, to 2,759. It fell 4.1 percent last week despite a rally Friday.
The Dow Jones Industrial Average shed 45 points, or 0.2 percent, to 25,294. The Nasdaq composite fell 42 points, or 0.6 percent, to 7,454.
Indexes in Asia continued to fall.