Markets Right Now: Stocks fall on Wall Street at midday
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are falling in midday trading on Wall Street as traders remain worried about trade tensions between the U.S. and China and slower economic growth globally.
The S&P 500 is on pace to close out its second down week in the last three Friday.
Bank and energy companies led the way lower. JPMorgan Chase fell 1.6 percent and Exxon Mobil lost 1.2 percent.
Goodyear plunged 9.3 percent after the company turned in results that fell short of what analysts were looking for.
The S&P 500 fell 16 points, or 0.6 percent, to 2,689.
The Dow Jones Industrial Average lost 217 points, or 0.9 percent, to 24,952. The Nasdaq dropped 40 points, or 0.6 percent, to 7,248.
Bond prices rose. The yield on the 10-year Treasury fell to 2.63 percent.
Stocks are opening lower on Wall Street as a mixed bag of earnings reports didn’t inspire investors to get back to buying stocks.
Technology companies, banks and retailers posted some of the biggest losses in early trading Friday. Chipmaker Nvidia fell 1.1 percent and Amazon gave up 1.9 percent.
Goodyear slumped 5.1 percent after the company turned in results that fell short of what analysts were looking for.
The S&P 500 fell 10 points, or 0.4 percent, to 2,695.
The Dow Jones Industrial Average lost 115 points, or 0.5 percent, at 25,054. The Nasdaq dropped 37 points, or 0.5 percent, to 7,250.
Bond prices rose. The yield on the 10-year Treasury fell to 2.64 percent.