Markets Right Now: Stocks fall on Wall Street at midday

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

11:45 a.m.

Stocks are moving broadly lower in midday trading on Wall Street after three days of gains.

Banks and makers of consumer products led the way lower Tuesday.

Bank of America lost 1.5% and Kimberly-Clark lost 1.4%.

Several big retailers were still releasing their latest quarterly results. TJX fell 1.6% after reporting sales that fell short of analysts’ forecasts.

The S&P 500 fell 7 points, or 0.3%, to 2,915.

The Dow Jones Industrial Average lost 54, or 0.2%, to 26,083. The Nasdaq fell 11, or 0.1%, to 7,991.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.55% from 1.59%.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street as major U.S. indexes give back a bit of the ground they won over the previous three days.

Technology companies and banks, which have tended to lead the market’s gains recently, led the way lower in early trading on Tuesday.

Advanced Micro Devices gave up 2.2%, and Bank of America lost 1.3%.

Several big retailers were still reporting their latest quarterly results. Home Depot rose 3% after its earnings easily beat estimates.

The S&P 500 fell 11 points, or 0.4%, to 2,912.

The Dow Jones Industrial Average lost 60, or 0.2%, to 26,084. The Nasdaq fell 31, or 0.4%, to 7,970.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.55% from 1.59%.

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