Markets Right Now: Energy stocks lead US indexes lower

AP News
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Posted: Apr 27, 2017 11:59 AM

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

11:45 a.m.

Stock indexes were edging mostly lower in midday trading on Wall Street as declines in energy companies outweighed gains elsewhere.

Earnings were a big focus for investors Thursday and many companies were moving after reporting their latest quarterly results.

American Airlines fell 7 percent after reporting its results. Athletic apparel maker Under Armour surged 9 percent after its results came in better than analysts were expecting.

Falling oil prices helped pull energy stocks lower. Anadarko Petroleum plunged 7 percent.

The Standard & Poor's 500 index fell 4 points, or 0.2 percent, to 2,383.

The Dow Jones industrial average slid 35 points, or 0.2 percent, to 20,936. The Nasdaq composite edged up 9 points, or 0.2 percent, to 6,035.

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9:35 a.m.

Stocks are edging higher in early trading on Wall Street as investors pore over a large batch of company earnings reports.

Comcast and Union Pacific rose in early trading Thursday after reporting their earnings, while United Parcel Service and Southwest Airlines fell.

The Standard & Poor's 500 index was up a fraction at 2,387.

The Dow Jones industrial average rose 12 points, or 0.1 percent, to 20,986. The Nasdaq composite rose 6 points, or 0.1 percent, to 6,032.

The Russell 2000 index of smaller-company stocks was flat at 1,419.