Market News

US market indexes drift mostly lower in midday trading, pulling Dow below its latest record

Financial Markets Wall Street-1.jpg

FILE – This July 16, 2013 file photo shows a Wall Street street sign outside the New York Stock Exchange in New York. U.S. stock indexes edged lower in early trading Thursday, Feb. 26, 2015 as investors weighed new economic data on unemployment benefit claims, consumer prices and orders for long-lasting manufactured goods. Oil prices resumed their recent slide. (AP Photo/Mark Lennihan, File) (The Associated Press)

U.S. stock indexes are drifting mostly lower in midday trading, pulling the Dow Jones industrial average slightly below its latest all-time high.

The Dow fell 10 points, or 0.1 percent, to 18,213 as of 11:45 a.m. Eastern time Thursday.

The Standard & Poor’s 500 index was down a point at 2,113. The Nasdaq composite edged up 15 points, or 0.3 percent, to 4,982.

Energy stocks fell more than the rest of the market as the price of oil turned lower again. Chevron and Exxon Mobil were among the biggest decliners in the Dow.

Sears fell 7 percent after the company reported its fourth straight year of falling profit and revenue.

Bond prices fell. The yield on the 10-year Treasury note edged up to 1.98 percent from 1.97 percent late Wednesday.

market news – Bing News

Click to comment
Loading Facebook Comments ...

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top