Markets Right Now: US stocks close slightly lower

AP News
|
Posted: Jun 13, 2016 4:12 PM

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

4:05 p.m.

Stocks are closing lower on Wall Street with materials, technology and industrial companies among the hardest hit in a broad sell-off touching all market sectors.

Marathon Petroleum fell nearly 7 percent while Valero Energy and United Continental Holdings both dropped more than 4 percent.

LinkedIn shares soared 47 percent and Microsoft fell 2.4 percent after the software giant agreed to buy the professional networking services firm for $26.2 billion. Symantec jumped more than 5 percent after saying it will buy security firm Blue Coat for $4.65 billion.

The Dow Jones industrial average fell 133 points, or 0.7 percent, to 17,732. The Standard & Poor's 500 slid 17 points, or 0.8 percent, to 2,079. The Nasdaq composite fell 46 points or 0.9 percent to 4,848.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.61 percent.

___

12:00 p.m.

Stocks are trading slightly lower on Wall Street with technology and consumer goods companies dropping the most.

Coca-Cola fell 1 percent, Apple is down 1.2 percent and Facebook lost more than 2 percent.

LinkedIn shares soared 47 percent and Microsoft fell 2.6 percent after the software giant agreed to buy the professional networking services firm for $26.2 billion. Symantec jumped nearly 7 percent after saying it will buy security firm Blue Coat for $4.65 billion.

The Dow Jones industrial average fell 74 points, or 0.4 percent, to 17,791. The Standard & Poor's 500 slid 10 points, or 0.5 percent, to 2,085. The Nasdaq composite fell 38 points or 0.8 percent to 4,857.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.61 percent.

___

9:40 a.m.

Stocks are opening slightly lower on Wall Street with technology and consumer goods companies dropping the most following big losses on Asian markets.

Coca-Cola fell nearly 1 percent, Apple is down 3 percent and Facebook lost 2 percent.

LinkedIn shares soared 48 percent and Microsoft fell 4 percent after the software giant agreed to buy the professional networking services firm for $26.2 billion.

The Dow Jones industrial average fell 33 points, or 0.2 percent, to 17,833. The Standard & Poor's 500 4 points, or 0.2 percent, to 2,093. The Nasdaq composite slid 13points or 0.3 percent to 4,881.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.63 percent.