Markets Right Now: Stocks turn lower in midday trading
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks edged lower in midday trading on Wall Street as investors waited for the latest news on negotiations to end the trade war between the U.S. and China.
The losses Thursday came a day after the market rose on a report that Washington and Beijing could be on track for a trade deal before new U.S. tariffs kick in on Dec. 15.
Health care stocks had some of the biggest losses. Alexion Pharmaceuticals fell 6%.
Retailers were also fell. Home Depot lost 1%.
The S&P 500 fell 2 points, or 0.1% to 3,110.
The Dow Jones Industrial Average fell 45 points, or 0.2%, to 27,605. The Nasdaq fell 6 points, or 0.12%, to 8,560.
Bond prices fell. The yield on the 10-year Treasury rose to 1.80%.
Stocks are opening slightly higher on Wall Street led by technology companies and banks.
The moderate gains in early trading Thursday followed an advance the day before but weren’t enough to pull the market into the black for the week.
Five Below, a discount retailer, jumped 7.8% after reporting results that easily beat analysts’ forecasts. Dollar General also rose 1% after turning in a solid quarterly report.
The S&P 500 rose 3 points, or 0.1% to 3,116.
The Dow Jones Industrial Average rose 31 points, or 0.1%, to 27,685. The Nasdaq rose 14 points, or 0.2%, to 8,580.
Bond prices fell. The yield on the 10-year Treasury rose to 1.82%.