Markets Right Now: Stocks end a wobbly day mostly lower | KOB 4
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Markets Right Now: Stocks end a wobbly day mostly lower

John Panin John Panin |  Photo: AP

March 14, 2019 02:23 PM

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

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4 p.m.

Stocks ended a wobbly day of trading mostly lower on Wall Street as a three-day winning streak stalled.

Facebook led losses among communications companies Thursday with a 1.8 percent drop after the New York Times reported that its data-sharing practices are now under criminal investigation.

Health care stocks fell. Pfizer gave up 2 percent.

Dollar General slumped 7.5 percent after reporting weak results.

Tailored Brands, which owns Men's Wearhouse, plunged 25 percent after giving investors a surprisingly weak first-quarter forecast.

The S&P 500 slipped 2 points, or 0.1 percent, to 2,808.

The Dow Jones Industrial Average edged up 7 points, less than 0.1 percent, to 25,709. The Nasdaq fell 12 points, or 0.2 percent, to 7,630.

Bond prices fell. The yield on the 10-year Treasury rose to 2.62 percent.

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11:45 a.m.

Stocks shook off a wobbly start and were moving slightly higher in midday trading on Wall Street.

Banks, technology and industrial companies were leading the gains Thursday.

Apple rose 1 percent, JPMorgan Chase climbed 1.3 percent and General Electric added 3.2 percent.

Dollar General slumped 9.3 percent after reporting weak quarterly results.

The S&P 500 index rose 3 points, or 0.1 percent, to 2,814.

The Dow Jones Industrial Average rose 35 points, or 0.1 percent, to 25,737. The Nasdaq rose 3 points, or 0.1 percent, to 7,647.

Bond prices fell. The yield on the 10-year Treasury rose to 2.62 percent.

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9:35 a.m.

Stock indexes are little changed in early trading on Wall Street as the market cools down after rising for three days in a row.

Gains for technology and industrial companies early Thursday were offset by losses elsewhere.

Apple rose 1 percent and General Electric added 4.5 percent. Dollar General lost 7.7 percent.

The S&P 500 index edged down 1 point to 2,809.

The Dow Jones Industrial Average edged up 27 points, or 0.1 percent, to 25,728. The Nasdaq slipped 6 points, or 0.1 percent, to 7,637.

Bond prices fell. The yield on the 10-year Treasury rose to 2.62 percent.

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Copyright 2019 The Associated Press. All rights reserved.

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