Markets Right Now: Tech, industrials lead US stocks lower
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are opening broadly lower on Wall Street, extending the markets losses, as technology and industrial companies move lower.
Autodesk plunged 13.6% in early trading Wednesday after the software company slashed its full-year forecasts.
European markets fell and the British pound weakened against other currencies after British Prime Minister Boris Johnson moved to suspend Parliament, which would hamper lawmakers’ efforts to stop a no-deal departure from the European Union.
The S&P 500 fell 11 points, or 0.4%, to 2,857.
The Dow Jones Industrial Average lost 102, or 0.4%, to 25,670. The Nasdaq fell 55, or 0.7%, to 7,770.
Bond prices continued to rise as investors sought safety. The yield on the 10-year Treasury fell to 1.45%.