Markets Right Now: Stocks slip in midday trading

AP News
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Posted: Sep 07, 2017 11:59 AM

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

11:45 a.m.

U.S. stocks edged lower in midday trading, pulled down by insurers and other financial companies as investors weighed the prospects of big losses from Hurricane Irma.

Allstate fell 1.9 percent Thursday and Prudential fell 2.1 percent.

Irma, which has hammered the Northern Caribbean, was projected to hit Florida this weekend.

Barnes & Noble sank 11 percent after reporting results that missed analysts' estimates.

The Standard & Poor's 500 index fell 2 points, or 0.1 percent, to 2,463.

The Dow Jones industrial average lost 42 points, or 0.2 percent, to 21,767. The Nasdaq composite edged up 9 points, or 0.2 percent, to 6,403.

Bond prices rose sharply, sending yields lower. The yield on the 10-year Treasury note fell to 2.04 percent.

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9:35 a.m.

Stocks are edging mostly higher in early trading on Wall Street, led by gains in technology companies and retailers.

Microsoft climbed almost 1 percent early Thursday, Home Depot gained 1.4 percent and Amazon.com rose 1 percent.

RH, formerly known as Restoration Hardware, soared 44 percent after beating earnings expectations in the second quarter and raising its annual forecasts.

Barnes & Noble sank 11 percent after reporting earnings that missed estimates.

The Standard & Poor's 500 index rose 1 point to 2,467.

The Dow Jones industrial average gained 13 points, or 0.1 percent, to 21,821. The Nasdaq composite edged up 2 points, or 0.1 percent, to 6,396.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.08 percent.