Markets Right Now: US stocks slip, extending a losing streak

AP News
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Posted: Nov 02, 2016 11:51 AM

NEW YORK (AP) — The latest on developments in U.S. financial markets:

11:45 a.m.

Stocks are moving modestly lower in midday trading on Wall Street as the market extends a pre-election losing streak.

Earnings were in focus again Wednesday as several companies fell after posting disappointing results.

Frontier Communications slumped 9 percent after reporting a loss that was wider than analysts were expecting. Pioneer Natural Resources fell 6 percent after its earnings came up short of forecasts, and Sempra Energy gave up 4 percent after its revenue fell short.

The Dow Jones industrial average slipped 15 points, or 0.1 percent, to 18,020. The Standard & Poor's 500 index fell 6 points, or 0.3 percent, to 2,105. The Nasdaq composite lost 16 points, or 0.3 percent, to 5,137.