Markets Right Now: US stock indexes drift to a mixed finish

AP News
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Posted: Apr 11, 2017 4:11 PM

The latest on developments in financial markets (All times local):

4:00 p.m.

Stocks ended up little changed on Wall Street as gains in real estate and industrial companies were canceled out by losses in technology and other sectors.

RetailMeNot soared 48 percent Tuesday after the online coupon company agreed to be acquired by payment and marketing company Harland Clark Holdings.

Hub Group sank 14 percent after the transportation management company forecast weak first-quarter results.

The Standard & Poor's 500 index fell 14 points, or 0.6 percent, to 2,343.

The Dow Jones industrial average lost 88 points, or 0.4 percent, to 20,569. The Nasdaq composite gave up 40 points, or 0.7 percent, to 5,839.

Small-company stocks rose. The Russell 2000 gained 9 points, or 0.7 percent, to 1,376.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.30 percent.

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11:45 a.m.

Stocks are moving broadly lower in midday trading, led by declines in banks and technology companies.

Energy stocks also fell as the price of crude oil headed lower. Range Resources slumped 2.4 percent and Devon Energy lost 2.3 percent.

Bond yields fell and the price of gold rose as investors monitored heightened tensions between the U.S. and North Korea.

In earnings news, MTS Systems plunged 10 percent after reporting results that fell short of analysts' estimates.

The Standard & Poor's 500 index fell 14 points, or 0.6 percent, to 2,343.

The Dow Jones industrial average lost 88 points, or 0.4 percent, to 20,569. The Nasdaq composite gave up 40 points, or 0.7 percent, to 5,839.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.31 percent.

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9:35 a.m.

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

Fifth Third Bancorp fell 1.2 percent and Capital One Financial also lost 1.2 percent. Chesapeake Energy fell 2.4 percent.

In earnings news, MTS Systems plunged 9 percent after reporting earnings that fell short of analysts' estimates.

The Standard & Poor's 500 index fell 5 points, or 0.2 percent, to 2,352.

The Dow Jones industrial average lost 24 points, or 0.1 percent, to 20,629. The Nasdaq composite gave up 14 points, or 0.3 percent, to 5,866.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.33 percent.