Markets Right Now: Stocks fall for the 2nd day in a row

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

4 p.m.

Stocks are ending lower for the second day straight, dragged down by losses in technology companies and banks.

Energy companies also fell Wednesday as the price of crude oil continued to decline.

Investors shifted money into safer holdings after more than a week of aggressive buying.

Consumer staples and utilities were among the biggest gainers. Johnson & Johnson led health care stocks higher.

Benchmark U.S. crude sank 4% to just over $52 a barrel. It was trading at $59 a barrel in late May.

The S&P 500 index fell 5 points, or 0.2%, to 2,879.

The Dow Jones Industrial Average fell 43 points, or 0.2%, to 26,004. The Nasdaq fell 29 points, or 0.4%, to 7,792.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.12%.

___

11:45 a.m.

Stocks are veering lower in midday trading on Wall Street, led by drops in technology companies and banks.

Energy companies were also lower Wednesday as the price of crude oil continued to decline.

Investors shifted money into safer holdings after more than a week of aggressive buying.

Consumer staples and utilities were among the biggest gainers. Johnson & Johnson led health care stocks higher.

Benchmark U.S. crude sank 2% early to just under $52 a barrel.

The S&P 500 index fell 10 points, or 0.3%, to 2,875.

The Dow Jones Industrial Average fell 81 points, or 0.3%, to 25,968. The Nasdaq fell 43 points, or 0.5%, to 7,779.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.12%.

___

9:35 a.m.

Major U.S. indexes are mixed in early trading as gains for health care stocks are offset by weakness in energy companies.

Johnson & Johnson rose 1.5% early Wednesday.

The energy sector was broadly lower. Concho Resources gave up 2.1%

Benchmark U.S. crude sank 2% early Wednesday to just over $52 a barrel. It was trading at $59 a barrel two weeks ago. Traders think demand for oil may wane at the same time supplies are high.

Technology stocks also fell. Network equipment maker Cisco lost 1.1%

The S&P 500 index was little changed at 2,888.

The Dow Jones Industrial Average edged up 31 points, or 0.1%, to 26,075. The Nasdaq fell 4 points, or 0.1%, to 7,818.

Related News

Ford to invest $75M in autonomous vehicle sensor company

Aug 16, 2016

Ford and Chinese search engine company Baidu will invest $75 million each in Velodyne, a company that makes laser sensors that help guide self-driving cars

Navajo Nation sues feds over massive 2015 mine waste spill

Aug 16, 2016

One of the nation's largest American Indian tribes is suing the federal government over a massive mine waste spill that tainted rivers in three Western states

Ford says it will have a fully autonomous car by 2021

Aug 17, 2016

Ford Motor Co. intends to have a fully driverless vehicle _ no steering wheel, no pedals _ on the road within five years

Broaden News

About Us

In-Depth Science delivers comprehensive and compelling news and analysis on everything science and technology, seven days a week in a reader-friendly format.

Contact us: sales@indepthscience.com