Markets Right Now: US stocks move lower; bonds rise

AP News
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Posted: Jul 05, 2016 4:08 PM

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

4:00 p.m.

Stocks are ending lower and bond prices are rising, pushing benchmark yields to record lows, on new concerns about Britain's decision to leave the European Union.

European markets mostly fell and the British pound weakened.

Trading was unsettled after three financial firms stopped trading in British commercial real estate funds as investors rushed to pull money out.

Energy companies fell more than the rest of the market as oil prices fell.

The Dow Jones industrial average lost 108 points, or 0.6 percent, to 17,840.

The Standard & Poor's 500 index slipped 14 points, or 0.7 percent, to 2,088. The Nasdaq composite fell 39 points, or 0.8 percent, to 4,822.

Bond prices rose. The yield on the 10-year Treasury note dropped to 1.37 percent, a record low.

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11:45 a.m.

Stocks are moving lower and bond prices are rising, pushing a key yield to a record low, on new concerns about Britain's decision to leave the European Union.

European markets mostly fell and the pound weakened.

Trading was unsettled after a British financial company stopped trading in a commercial real estate fund as investors rushed to pull money out of it.

Energy companies fell more than the rest of the market as oil prices fell.

The Dow Jones industrial average lost 118 points, or 0.7 percent, to 17,832.

The Standard & Poor's 500 index slipped 17 points, or 0.8 percent, to 2,085. The Nasdaq composite fell 53 points, or 1.1 percent, to 4,808.

Bond prices rose. The yield on the 10-year Treasury note dropped to 1.37 percent, a record low.

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9:35 a.m.

Stocks are opening lower and bond prices are rising on new concerns about Britain's decision to leave the European Union.

European markets were mostly lower and the pound weakened further.

Trading was unsettled after a British financial company stopped trading in a commercial real estate fund as investors rushed to pull money out of it.

Banks and energy companies fell more than the rest of the market.

U.S. stocks are coming off is biggest weekly gain since November.

The Dow Jones industrial average lost 82 points, or 0.5 percent, to 17,867.

The Standard & Poor's 500 index slipped 11 points, or 0.6 percent, to 2,091. The Nasdaq composite fell 34 points, or 0.7 percent, to 4,828.

Bond prices rose. The yield on the 10-year Treasury note dropped to 1.40 percent.