Markets Right Now: Stock indexes end lower after wobbly day

AP

Print Article

Trader Michael Capolino works on the floor of the New York Stock Exchange, Wednesday, Feb. 7, 2018. Stocks are opening modestly higher on Wall Street as the market stabilizes following three days of tumult. (AP Photo/Richard Drew)

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

4 p.m.

Stocks are ending a wobbly day lower, but with far less volatility than the market has seen over the previous three days.

Technology companies posted some of the biggest losses Wednesday. Apple gave up 2.1 percent and Facebook lost 2.8 percent.

Energy companies also fell. Exxon Mobil gave back 1.8 percent and Devon Energy fell 4.2 percent. Crude oil prices slumped 2.5 percent after the government reported that oil production jumped last week.

Wynn Resorts jumped 8.6 percent after Steve Wynn said he would resign as CEO following allegations of sexual misconduct.

The Standard & Poor's 500 index fell 13 points, or 0.5 percent, to 2,681.

The Dow Jones industrial average fell 19 points, or 0.1 percent, to 24,893. The Nasdaq fell 63 points, or 0.9 percent, to 7,051.

___

11:45 a.m.

Stocks are moving solidly higher in midday trading on Wall Street as markets stabilize following three days of turmoil.

Banks, retailers and industrial companies also posted gains Wednesday, helping indexes claw back more of the ground they lost in steep drops Friday and Monday. Boeing added 3 percent and JPMorgan Chase rose 1.4 percent.

The gains were broad. Two stocks rose for every one that fell on the New York Stock Exchange.

Wynn Resorts jumped 8.6 percent after Steve Wynn said he would resign as CEO following allegations of sexual misconduct.

The Standard & Poor's 500 rose 20 points, or 0.8 percent, to 2,715.

The Dow Jones industrial average rose 317 points, or 1.3 percent, to 25,230. The Nasdaq climbed 21 points, or 0.3 percent, to 7,137.

___

9:35 a.m.

Stocks are opening modestly higher on Wall Street as the market stabilizes following three days of tumult.

Consumer-focused companies rose the most in early trading Wednesday. Disney rose 1.5 percent and Amazon rose 1 percent.

Technology companies fell. Microsoft gave up 1.2 percent.

Chipotle Mexican Grill slumped 8.8 percent after saying it expects customer traffic to continue to decline.

Wynn Resorts jumped 6.8 percent after Steve Wynn said he would resign as CEO following allegations of sexual misconduct.

The Standard & Poor's 500 rose 4 points, or 0.2 percent, to 2,701.

The Dow Jones industrial average rose 102 points, or 0.4 percent, to 25,007. The Nasdaq edged down 5 points, or 0.1 percent, to 7,110.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.78 percent.

Print Article

Read More National & World

Markets Right Now: Tech, industrials pull US stocks higher

AP

February 22, 2018 at 10:56 am | NEW YORK (AP) The latest on developments in financial markets (all times local): 11:45 a.m. Technology and industrials companies helped drive U.S. stocks broadly higher in midday trading on...

Comments

Read More

Correction: Hershey's-Marijuana Legal Disputes story

AP

February 22, 2018 at 10:45 am | DENVER (AP) In a story Feb. 21 about a legal dispute between The Hershey Co. and marijuana businesses, The Associated Press reported erroneously source of the story. It was from Marijuana Business ...

Comments

Read More

The Latest: SpaceX launches satellite from California

AP

February 22, 2018 at 8:48 am | VANDENBERG AIR FORCE BASE, Calif. (AP) The Latest on a SpaceX launch of a Spanish satellite from California (all times local): 6:34 a.m. A SpaceX rocket carrying a Spanish satellite created...

Comments

Read More

Book Trump? Interest groups press case at his properties

AP

February 22, 2018 at 7:04 am | WASHINGTON (AP) Payday lenders got regulators to rethink rules on how closely to vet borrowers. E-cigarette makers got a delay in federal oversight of many vaping products. Candy makers praised a d...

Comments

Read More

Contact Us

(406) 755-7000
727 East Idaho
Kalispell, MT 59901

©2018 Daily Inter Lake Terms of Use Privacy Policy
X
X