Markets Right Now: US struggle to a mixed finish



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

4:00 p.m.

U.S. stocks are struggling to a mixed finish after a day of up-and-down trading.

The Nasdaq composite managed to post a meager gain Thursday, giving it another record high. Other major indexes closed with minor losses.

The Dow Jones industrial average's loss was due entirely to Home Depot, which slumped 4 percent after Sears announced a deal to sell appliances on Amazon.com.

Health care companies including Abbott Laboratories rose, while weaker reports put a dent in industrial and basic materials companies.

The Standard & Poor's 500 index slipped less than 1 point to 2,473.

The Dow lost 28 points, or 0.1 percent, to 21,611. The Nasdaq composite edged up almost 5 points, or 0.1 percent, to 6,390.

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11:45 a.m.

U.S. stocks are wavering between small gains and losses in midday trading, a day after closing at record highs.

Health care companies are gaining Thursday, but industrial companies are lower.

Sears jumped 15 percent after reaching a deal to sell appliances on Amazon.com.

Investors are focused on second-quarter results from large companies like American Express and Philip Morris. They're also relieved that the European Central Bank didn't announce any policy changes.

The Standard & Poor's 500 index slipped less than 1 point to 2,473.

The Dow Jones industrial average lost 46 points, or 0.2 percent, to 21,594. The Nasdaq composite edged up 1 point to 6,386.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.24 percent.

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9:35 a.m.

Major U.S. stock indexes are inching further into record territory early Thursday, led by more gains in health care and technology companies.

It was a busy morning for company earnings reports Thursday. United Rentals rose 4 percent after reporting results that came in ahead of analysts' forecasts.

Several companies were up after being included in the Standard & Poor's 500 index. MGM Resorts rose 2.4 percent.

Investors were also relieved that the European Central Bank didn't announce any policy changes.

The S&P 500 index was up 2 points, or 0.1 percent, to 2,475.

The Dow Jones industrial average was up 2 points, less than 0.1 percent, to 21,641. The Nasdaq composite gained 6 points, or 0.1 percent, to 6,391.

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The Associated Press

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