Markets Right Now: US climb, breaking a losing streak

AP News
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Posted: Jun 16, 2016 4:16 PM

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

4:00 p.m.

Stocks are ending higher, breaking a five-day losing streak.

High-dividend stocks like phone companies and utilities rose more than the rest of the market Thursday as bond yields remained low. Verizon Communications and Consolidated Edison each rose 1 percent.

Macy's rose 1 percent after it reached a tentative deal with workers at its New York store, avoiding a strike.

The Dow Jones industrial average rose 92 points, or 0.5 percent, to 17,533. The Standard & Poor's 500 index rose 6 points, or 0.3 percent, to 2,077. The Nasdaq composite gained 9 points, or 0.2 percent, to 4,844.

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11:45 a.m.

Stocks are moving lower as the market's losses continue for the sixth day in a row.

Energy companies are skidding Thursday as the price of oil continues to fall. Marathon Oil fell 5 percent and Halliburton lost 3 percent.

Envision Healthcare fell 5 percent and AmSurg rose 2 percent after the companies agreed to combine in an all-stock deal.

Macy's rose 2 percent after it reached a tentative deal with workers at its New York store, avoiding a strike.

The Dow Jones industrial average lost 92 points, or 0.6 percent, to 17,542. The Standard & Poor's 500 index fell 14 points, or 0.7 percent, to 2,056. The Nasdaq composite shed 45 points, or 0.9 percent, to 4,789.

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9:35 a.m.

Stocks are opening lower as the market's losses continue for the sixth day in a row.

Energy companies are skidding Thursday as the price of oil continues to fall. Marathon Oil and Halliburton both lost about 2 percent.

Envision Healthcare fell 5 percent and AmSurg rose 3 percent after the companies agreed to combine in an all-stock deal.

Macy's rose 2 percent after it reached a tentative deal with workers at its New York store, avoiding a strike.

The Dow Jones industrial average lost 112 points, or 0.6 percent, to 17,528. The Standard & Poor's 500 index fell 13 points, or 0.6 percent, to 2,058. The Nasdaq composite shed 34 points, or 0.7 percent, to 4,800.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.54 percent.