Markets Right Now: Stocks move slightly lower on Wall Street

AP News
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Posted: Oct 17, 2016 11:49 AM

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

11:45 a.m.

Stocks are moving slightly lower on Wall Street in midday trading, led by a decline in energy stocks.

Devon Energy sank 3.3 percent Monday, the biggest loss in the Standard & Poor's 500 index.

Utilities bucked the downward trend and were trading higher. Public Service Enterprise Group added 1.4 percent.

The Dow Jones industrial average fell 26 points, or 0.2 percent, to 18,109.

The S&P 500 index lost 2 points, or 0.1 percent, to 2,130. The Nasdaq composite declined 3 points, or 0.1 percent, to 5,210.

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

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9:35 a.m.

Stocks are opening slightly lower on Wall Street, led by a decline in health care stocks.

Drugmaker Merck fell 1 percent in early trading Monday, the biggest loss in the Dow Jones industrial average.

Utilities bucked the downward trend and were trading higher. Public Service Enterprise Group added 1.5 percent in early trading.

The Dow fell 24 points, or 0.1 percent, to 18,114.

The Standard & Poor's 500 index lost 3 points, or 0.1 percent, to 2,130. The Nasdaq composite declined 10 point, or 0.2 percent, to 5,203.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.78 percent.