Markets Right Now: Stocks wobble as tech, health care slip

AP News
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Posted: Sep 22, 2017 11:57 AM

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

11:45 a.m.

Stock indexes are slightly lower in midday trading on Wall Street as the market heads for its second decline in a row.

Health care and technology stocks pulled the market lower Friday. UnitedHealth, a major insurer, dropped 2.2 percent and Apple gave up 1.7 percent.

Banks also fell. Bank of America lost 1.2 percent.

Sprint jumped 4.6 percent after Reuters reported it was getting close to signing a deal with T-Mobile.

The Standard & Poor's 500 slipped 2 points, or 0.1 percent, to 2,498.

The Dow Jones industrials fell 13 points, or 0.1 percent, to 22,343. The Nasdaq lost 7 points, or 0.1 percent, to 6,415.

Small-company stocks did better than the rest of the market. The Russell 2000 index rose 4 points, or 0.3 percent, to 1,448.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street as technology companies and banks decline.

Apple fell another 1 percent early Friday as investors give a tepid reception to its new lineup of iPhones.

Financial stocks are down as bond yields decline. Bank of America lost 1.2 percent.

Sprint jumped 4 percent after Reuters reported it was getting close to signing a deal with T-Mobile.

The Standard & Poor's 500 slipped 2 points, or 0.1 percent, to 2,498.

The Dow Jones industrials fell 13 points, or 0.1 percent, to 22,343. The Nasdaq lost 7 points, or 0.1 percent, to 6,415.

Bond prices rose as tensions with North Korea escalated. The yield on the 10-year Treasury fell to 2.25 percent.