Markets Right Now: Banks lead US stocks lower at midday – ABC News

This post was originally published on this site

The latest on developments in financial markets (All times local):

11:45 a.m.

Stocks are lower in midday trading on Wall Street, led by declines in banks.

Wells Fargo and Bank of America each lost 1 percent Tuesday.

Energy stocks bucked the downward trend as oil prices rebounded. Halliburton rose 1.4 percent.

The Standard & Poor’s 500 index fell 7 points, or 0.3 percent, to 2,420. The Dow Jones industrial average gave up 59 points, or 0.3 percent, to 21,354.

The Nasdaq composite was little changed at 6,174.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.37 percent.

———

9:35 a.m.

Stocks are off to a mixed start on Wall Street as losses for big department stores and materials companies outweigh gains in health care.

Kohl’s slid 0.6 percent in early trading Tuesday, and Nordstrom lost 0.5 percent. FMC Corp. fell 1.8 percent.

The Standard & Poor’s 500 index fell 3 points, or 0.1 percent, to 2,424. The Dow Jones industrial average rose 3 points to 21,411.

The Nasdaq composite declined 9 points, or 0.2 percent, to 6,167.

Bond prices were little changed. The yield on the 10-year Treasury held steady at 2.38 percent.