Markets Right Now: A late rally fades, leaving stocks lower

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

4 p.m.

Stocks are closing slightly lower on Wall Street after a mid-afternoon rally faded away.

The modest declines Thursday came after three days of gains, including the market's biggest jump in eight months on Wednesday.

Technology companies and banks had the biggest declines, offsetting gains in health care and other sectors.

Bank of America fell 1.4 percent and Intel gave up 2.4 percent.

Deutsche Bank sank 4.8 percent after Germany authorities searched its headquarters on suspicion that employees helped clients launder money.

The S&P 500 fell 5 points, or 0.2 percent, to 2,737.

The Dow Jones Industrial Average lost 27 points, or 0.1 percent, to 25,338. The Nasdaq fell 18 points, or 0.3 percent, to 7,273.

Bond prices rose. The yield on the 10-year Treasury fell to 3.03 percent.

___

11:45 a.m.

Banks and technology companies are leading stock indexes lower on Wall Street following huge gains a day earlier.

Bank of America fell 1.4 percent Thursday and Intel gave up 1.7 percent.

The declines came a day after the biggest rally in eight months.

Deutsche Bank sank 5 percent after Germany authorities searched its headquarters on suspicion that employees helped clients launder money.

The S&P 500 fell 9 points, or 0.3 percent, to 2,733.

The Dow Jones Industrial Average lost 87 points, or 0.3 percent, to 25,278. The Nasdaq fell 26 points, or 0.4 percent, to 7,263.

The price of oil traded below $50 a barrel overnight but was up 3 percent at $51.75 in New York.

Bond prices rose. The yield on the 10-year Treasury fell to 3.03 percent.

___

9:35 a.m.

Banks and technology companies are leading stock indexes slightly lower in early trading on Wall Street.

Bank of America fell 1 percent in the first few minutes of trading Thursday and Intel gave up 1.4 percent.

The early declines came a day after the market's biggest rally in eight months.

Deutsche Bank sank 3.3 percent after Germany authorities searched the bank's headquarters on suspicions bank employees helped clients launder money.

The S&P 500 index fell 6 points, or 0.2 percent, to 2,737.

The Dow Jones Industrial Average lost 38 points, or 0.1 percent, to 25,328. The Nasdaq composite fell 14 points, or 0.2 percent, to 7,277.

Bond prices rose. The yield on the 10-year Treasury note fell to 3.03 percent.

You may also like these

EU trade commissioner says trade liberalization...

Jun 18, 2018

European Trade Commissioner Cecilia Malmstrom says trade liberalization continues to have global...

China ambassador urges Australia against 'bias...

Jun 19, 2018

China's ambassador to Australia says the strained diplomatic relationship between the two countries...

Prince Harry opens memorial as royal tour...

Oct 20, 2018

Prince Harry has paid tribute to Australian servicemen and women by opening a new wing of a war...

Global stocks climb on signs US rate hike not...

Aug 18, 2016

Global stocks rose Thursday after Wall Street edged higher on news the U.S. Federal Reserve is in...

Global stocks, oil turn lower ahead of Fed meeting

Aug 22, 2016

Major stock markets and the price of oil turned lower on Monday as investors looked ahead to the...

Search
Financial Markets

About Us

Established in 2015, The Upstocker provides insights on financial reports, commentary, and investment data to traders so that you can make better investment decisions.

Contact us: sales[at]theupstocker.com

Subscribe Now!