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NEW YORK (AP) — The latest on developments in global financial markets (all times local):
U.S. stocks are closing slightly lower on Friday, as investors sold utilities and other safe assets they've favored until now.
Bond prices slipped, while technology companies made small gains.
The Dow Jones industrial average fell 45 points, or 0.2 percent, to 18,553. The Standard & Poor's 500 index fell 3 points, or 0.1 percent, to 2,184. The Nasdaq composite was nearly unchanged at 5,238.
Oil rose 22 cents to $49.11 a barrel in New York. Precious metals declined.
Applied Materials rose 7 percent after reporting a strong order backlog. Among retailers, Foot Locker rose 11 percent on strong earnings. Nike jumped nearly 3 percent.
Farm equipment maker Deere soared more than 13 percent after it posted strong results and boosted its full-year outlook.
U.S. stocks are trading mostly lower Friday, with the biggest losses going to phone and utility companies. Energy companies are lower as the price of oil slips.
The Dow Jones industrial average fell 40 points, or 0.2 percent, to 18,557. The Standard & Poor's 500 index fell 5 points, or 0.2 percent, to 2,182. The Nasdaq composite was nearly unchanged at 5,242.
Energy companies declined as the price of oil slid 6 cents to $48.16 a barrel in New York. Chevron lost 1.1 percent and Exxon Mobil fell 1 percent.
Consumer companies traded higher: Foot Locker gained nearly 11 percent on strong earnings. Nike gained over 3 percent.
Applied Materials jumped nearly 7 percent after the chipmaking equipment manufacturer disclosed strong new orders and a solid backlog.
U.S. stocks are opening lower Friday, with the major indexes headed for a decline on the week.
The Dow Jones industrial average fell 95 points, or 0.5 percent, to 18,504. The Standard & Poor's 500 index fell 11 points, or 0.5 percent, to 2,176. The Nasdaq composite 21 points, or 0.4 percent, to 5,220.
Disappointing forecasts sent Estee Lauder down 3 percent, while Foot Locker jumped 6 percent after reporting higher profit and sales in the second quarter. Emerson Electric dropped 4 percent after agreeing to buy a valve and control business from Pentair for just over $3 billion.
Oil is down 11 cents to $48.11 a barrel in New York. The yield on the 10-year Treasury note rose to 1.56 percent.
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