Markets Right Now: US stocks wobble in midday trading

FILE- In this Sept. 6, 2018, file photo Joseph Lawler, right, works with fellow traders on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Sept. 12. (AP Photo/Richard Drew, File)

Stocks are wobbling in midday trading on Wall Street as losses for big technology companies and banks cancel out gains elsewhere in the market.

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

11:45 a.m.

Stocks are wobbling in midday trading on Wall Street as losses for big technology companies and banks cancel out gains elsewhere in the market.

Facebook sank 2.2 percent Wednesday and Wells Fargo gave up 2.3 percent.

Energy stocks rose along with the price of crude oil. Chevron climbed 1.5 percent.

Cigarette makers rose sharply after the Food and Drug Administration said it is looking at steps to combat "an epidemic" of e-cigarette use by teenagers. Altria soared 7.4 percent.

The S&P 500 index slipped 4 points, or 0.2 percent, to 2,883.

The Dow Jones Industrial Average rose 64 points, or 0.3 percent, to 26,038. The Nasdaq composite fell 63 points, or 0.8 percent, to 7,909.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.96 percent.

___

9:35 a.m.

Stocks are mixed at the open after two days of gains. Energy stocks are higher as Hurricane Florence heads for the U.S. East Coast.

Oil prices are up more than 1 percent. Drivers in North Carolina and South Carolina are using more gasoline as they flee inland before Florence strikes. There also are fears that the storm could disrupt oil supplies.

Apple is down slightly. The iPhone maker is scheduled to introduce new phone models and other products at a company event later in the day. Tech stocks are lower overall. Facebook is down more than 1 percent.

The S&P 500 index was flat at 2,887. The Dow Jones industrials rose 16 points to 25,987, but the Nasdaq composite was off 21 points to 7,951.

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