NEW YORK — The latest on developments in financial markets (All times local):
4:00 p.m.
U.S. stocks are ending mostly lower, led by drops in energy companies which fell along with the price of crude oil.
The Dow Jones industrials bucked the downward trend Wednesday and managed a small gain, their ninth straight and enough to mark another record high.
Marathon Oil sank 3.8 per cent and Devon Energy lost 2.9 per cent.
The Standard & Poor’s 500 index fell 2 points, or 0.1 per cent, to 2,362.
The Dow Jones industrial average edged up 32 points, or 0.2 per cent, to 20,775. The Nasdaq composite declined 5 points, or 0.1 per cent, to 5,860.
More stocks fell than rose on the New York Stock Exchange.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.41 per cent.
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11:45 a.m.
U.S. stocks are mostly lower following a record-setting run.
Energy companies are slipping along with the price of crude oil Wednesday and technology stocks, which have risen every day in February, are also down.
Newfield Exploration sank 7 per cent.
Newmont Mining dropped 6 per cent after reporting earnings that were weaker than Wall Street analysts were expecting.
The Standard & Poor’s 500 index fell 4 points, or 0.2 per cent, to 2,361.
The Dow Jones industrial average was little changed at 20,747. The Nasdaq composite declined 9 points, or 0.2 per cent, to 5,855.
Bond prices didn’t move much. The yield on the 10-year Treasury note held steady at 2.43 per cent.
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9:35 a.m.
Declines in energy and industrial stocks are leading U.S. indexes slightly lower in early trading as the market comes off a record closing high the day before.
Energy companies fell early Wednesday along with the price of crude oil. Newfield Exploration sank 9 per cent.
Newmont Mining dropped 2 per cent after reporting earnings that were weaker than Wall Street analysts were expecting.
The Standard & Poor’s 500 index fell 7 points, or 0.3 per cent, to 2,358.
The Dow Jones industrial average gave back 46 points, or 0.2 per cent, to 20,697. The Nasdaq composite declined 13 points, or 0.2 per cent, to 5,852.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.40 per cent.
The Associated Press
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