Markets Right Now: Stocks end mostly lower on Wall Street

Markets Right Now: Stocks end mostly lower on Wall Street


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

4 p.m.

Stocks struggled to a mostly lower finish on Wall Street as losses for banks and energy stocks offset gains elsewhere in the market.

Bank of New York Mellon lost 1.6 percent Thursday, and Chevron gave up 1.1 percent.

Yelp jumped 26.7 percent after raising its revenue forecast, but Rite Aid slumped 11.5 percent after calling off its sale to the grocery chain Albertsons.

Flowserve, Viacom and Norwegian Cruise Line all rose sharply after reporting solid results.

The S&P 500 index fell 4 points, or 0.1 percent, to 2,853.

The Dow Jones Industrial Average fell 74 points, or 0.3 percent, to 25,509. The Nasdaq composite rose 3 points to 7,891.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.92 percent.

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11:45 a.m.

Major U.S. indexes are little changed in midday trading as technology stocks rise while energy companies and banks slip.

Bond prices rose Thursday, sending yields lower, after the Labor Department reported that wholesale prices were little changed in July, a sign inflation pressures weakened slightly.

Yelp jumped 27.5 percent after raising its revenue forecast, but Rite Aid slumped 10.6 percent after calling off its sale to the grocery chain Albertsons.

Flowserve, Viacom and Norwegian Cruise Line all rose sharply after reporting solid results.

The S&P 500 index was little changed at 2,856.

The Dow Jones Industrial Average fell 51 points, or 0.2 percent, to 25,533. The Nasdaq composite rose 15 points, or 0.2 percent, to 7,904.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.94 percent.

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9:35 a.m.

Stocks are off to a mixed start on Wall Street as gains for technology companies are offset by losses elsewhere in the market.

Yelp jumped 20 percent early Thursday after raising its revenue forecast, but Rite Aid slumped 10 percent after calling off its sale to the grocery chain Albertsons.

Flowserve, Viacom and Norwegian Cruise Line all rose sharply after reporting solid results.

The S&P 500 index was little changed at 2,857.

The Dow Jones Industrial Average fell 5 points to 25,578. The Nasdaq composite rose 10 points, or 0.1 percent, to 7,899.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.93 percent.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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