Markets Right Now: US stocks extend a slide

AP News
|
Posted: Jun 14, 2016 11:49 AM

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

11:45 a.m.

Stocks are sliding in midday trading on Wall Street as the Federal Reserve begins its latest policy meeting and investors worry if Britain will decide next week to leave the European Union.

U.S. government bond prices continued to rise Tuesday, sending yields lower, as traders parked money in lower-risk investments.

Credit card companies fell broadly after Synchrony Financial, the country's largest issuer of store brand cards, said more of its customers were falling behind on payments. Synchrony plunged 11 percent.

The Dow Jones industrial average fell 90 points, or 0.5 percent, to 17,640. The Standard & Poor's 500 lost 9 points, or 0.4 percent, to 2,069. The Nasdaq composite declined 23 points, or 0.5 percent, to 4,824.

The yield on the 10-year Treasury note fell to 1.60 percent.

___

9:35 a.m.

Stocks are opening mixed on Wall Street as the Federal Reserve begins its latest policy meeting and investors worry if Britain will decide next week to leave the European Union.

U.S. government bond prices continued to rise Tuesday, sending yields lower, as investors parked money in what many consider to be lower-risk investments.

The Dow Jones industrial average fell 3 points to 17,705. The Standard & Poor's 500 rose 2 points, or 0.1 percent, to 2,080. The Nasdaq composite was flat at 4,849.

Rising and falling sectors were evenly split in the S&P 500. Consumer staples fell the most and technology rose the most.

The yield on the 10-year Treasury note fell to 1.59 percent. That's down sharply from 2.30 percent at the beginning of the year.