Markets Right Now: US stocks edge mostly higher

AP News
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Posted: Oct 12, 2016 4:05 PM

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

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4:00 p.m.

Stocks are closing mostly higher on Wall Street, led by high dividend payers including real estate companies and utilities.

Consumer companies also rose Wednesday, and bond yields reached a four-month high.

Energy stocks fell along with prices for crude oil and natural gas. Chevron fell 1 percent.

The Dow Jones industrial average eked out a gain of 15 points, or 0.1 percent, to 18,144.

The Standard & Poor's 500 index rose 2 points, or 0.1 percent, to 2,139. The Nasdaq composite fell 7 points, or 0.2 percent, to 5,239.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.77 percent.

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12 noon.

Stocks are edging mostly higher on Wall Street, led by high dividend payers including real estate companies and utilities.

Consumer companies also trading higher at midday Wednesday, and bond yields reached four-month high.

Oil and gas stocks fell along with prices for crude oil and natural gas. Chevron fell 1 percent.

The Dow Jones industrial average was up 33 points, or 0.2 percent, to 18,162.

The Standard & Poor's 500 index rose 4 points, or 0.2 percent, to 2,140. The Nasdaq composite was down a fraction at 5,246.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.79 percent.

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9:35 a.m.

Stocks are opening moderately lower on Wall Street, led by declines in energy and technology companies.

Oil and gas stocks fell along with prices for crude oil and natural gas early Wednesday. Chesapeake Energy sank 2 percent.

Tech companies were also falling. Swedish mobile networks company Ericsson dropped 18 percent after saying that its quarterly earnings will be much lower than forecasts.

The Dow Jones industrial average fell 32 points, or 0.2 percent, to 18,096.

The Standard & Poor's 500 index lost 2 points, or 0.1 percent, to 2,134. The Nasdaq composite fell 13 points, or 0.2 percent, to 5,234.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.79 percent.