Markets Right Now: Stocks move mostly lower on Wall Street

AP News
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Posted: Jan 09, 2017 11:58 AM

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

11:45 a.m.

Stocks are moving mostly lower on Wall Street, led by declines in energy companies and banks.

Oil and gas companies had some of the biggest losses in midday trading Monday as energy prices fell. Rig operator Transocean slumped 3 percent and Southwestern Energy fell 4 percent.

Banks were also posting losses. Wells Fargo fell 1 percent.

Lighting maker Acuity Brands dropped 13 percent after reporting results that fell well short of what analysts were expecting.

The Dow Jones industrial average fell 43 points, or 0.2 percent, to 19,919.

The Standard & Poor's 500 index lost 4 points, or 0.2 percent, to 2,272. The Nasdaq edged up 14 points, or 0.3 percent, to 5,535.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.38 percent.

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9:35 a.m.

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

Oil and gas companies had some of the biggest losses in early trading Monday as energy prices fell. Rig operator Transocean slumped 4 percent and Southwestern Energy fell 3.5 percent.

Banks were also posting losses. Wells Fargo fell 1 percent.

In earnings news, lighting maker Acuity Brands dropped 17 percent after reporting results that fell well short of what analysts were expecting.

The Dow Jones industrial average fell 49 points, or 0.2 percent, to 19,916.

The Standard & Poor's 500 index gave back 4 points, or 0.2 percent, to 2,272. The Nasdaq edged up 6 points, or 0.1 percent, to 5,527.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.37 percent.