Markets Right Now: US stock indexes finish mixed; tech gains

By The Associated Press | Posted - Jul. 10, 2017 at 2:12 p.m.



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

4:00 p.m.

Gains in technology and materials companies were mostly outweighed by losses elsewhere on Wall Street, leaving major indexes mixed at the closing bell.

Facebook rose 1.4 percent Monday, while Microsoft gained 0.7 percent.

Banks, health care and real estate companies fell.

Abercrombie & Fitch plunged 21 percent after the clothing seller said it was no longer seeking a sale.

The Standard & Poor's 500 index rose 2 points, or 0.1 percent, to 2,427. The Dow Jones industrial average slipped 5 points to 21,408.

The Nasdaq composite increased 23 points, or 0.4 percent, to 6,176. Small-company stocks fell. The Russell 2000 lost 7 points, or 0.5 percent, to 1,408.

About as many stocks rose as fell on the New York Stock Exchange.

___

11:45 a.m.

Stocks edged higher in midday trading, led by gains in technology companies.

Facebook rose 1.3 percent Monday, while Microsoft gained 0.8 percent.

Banks, health care and real estate companies fell, keeping gains for major indexes in check.

Abercrombie & Fitch plunged 21 percent after the clothing seller said it was no longer seeking a sale.

The Standard & Poor's 500 index rose 3 points, or 0.2 percent, to 2,428. The Dow Jones industrial average gained 14 points, or 0.1 percent, to 21,429.

The Nasdaq composite increased 16 points, or 0.3 percent, to 6,169.

Slightly more stocks rose than fell on the New York Stock Exchange.

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

___

9:35 a.m.

Stocks are off to a mixed start on Wall Street as losses for banks and energy companies outweigh gains in technology companies.

Chevron fell 0.8 percent in early trading Monday, and Wells Fargo lost 0.6 percent. Microsoft rose 0.5 percent.

Abercrombie & Fitch plunged 16 percent after the clothing seller said it was no longer seeking a sale.

The Standard & Poor's 500 index was little changed at 2,424. The Dow Jones industrial average slipped 23 points, or 0.1 percent, to 21,391.

The Nasdaq composite increased 13 points, or 0.2 percent, to 6,166.

Bond prices rose. The yield on the 10-year Treasury fell to 2.38 percent.

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The Associated Press

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