Markets Right Now: US stocks struggle to a mixed finish
Posted July 11
NEW YORK — The latest on developments in financial markets (All times local):
Stocks struggled to a mixed finish on Wall Street as gains in energy and technology companies were canceled out by losses in other sectors.
Banks posted the largest losses Tuesday. Wells Fargo fell 1 percent and Bank of America gave back 1.2 percent.
Energy stocks rose as oil prices rebounded. Devon Energy climbed 2.7 percent.
Rent-a-Center soared 7.9 percent after rejecting a takeover offer.
The Standard & Poor's 500 index fell 1 point, or 0.1 percent, to 2,425. The Dow Jones industrial average was little changed at 21,409. The Nasdaq composite rose 16 points, or 0.3 percent, to 6,193.
Nine of the 11 industry groups in the S&P 500 declined.
Bond prices rose. The yield on the 10-year Treasury fell to 2.36 percent.
Stocks are lower in midday trading on Wall Street, led by declines in banks.
Wells Fargo and Bank of America each lost 1 percent Tuesday.
Energy stocks bucked the downward trend as oil prices rebounded. Halliburton rose 1.4 percent.
The Standard & Poor's 500 index fell 7 points, or 0.3 percent, to 2,420. The Dow Jones industrial average gave up 59 points, or 0.3 percent, to 21,354.
The Nasdaq composite was little changed at 6,174.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.37 percent.
Stocks are off to a mixed start on Wall Street as losses for big department stores and materials companies outweigh gains in health care.
Kohl's slid 0.6 percent in early trading Tuesday, and Nordstrom lost 0.5 percent. FMC Corp. fell 1.8 percent.
The Standard & Poor's 500 index fell 3 points, or 0.1 percent, to 2,424. The Dow Jones industrial average rose 3 points to 21,411.
The Nasdaq composite declined 9 points, or 0.2 percent, to 6,167.
Bond prices were little changed. The yield on the 10-year Treasury held steady at 2.38 percent.