Markets Right Now: Stocks end a wobbly day broadly lower

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

4 p.m.

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.


11:45 a.m.

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.


9:35 a.m.

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.

Must Read

Fidel Castro thanks Cuba, criticizes Obama, on 90th birthday

Aug 14, 2016

Fidel Castro thanked Cubans for their well-wishes on his 90th birthday and criticized President Barack Obama in a lengthy letter published in state media

Global stocks drift lower as investors await US data

Aug 16, 2016

Shares were lower across global markets on Tuesday in sluggish trading, while oil prices resumed gains

Hong Kong airline Cathay's 1H profit tumbles 82 percent

Aug 17, 2016

Cathay Pacific Airways' profit tumbled in the first half of the year as economic weakness in China and other important markets cut passenger demand while it faced cutthroat competition from rivals


Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: sales[at]