Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Markets Right Now: US indexes end lower, erasing early gain

By: The Associated Press, Associated Press
December 5, 2017 Updated: December 5, 2017 at 3:14 pm
0

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

4 p.m.

Stocks gave up an early gain and ended modestly lower on Wall Street, pulled down by weakness in industrial companies and banks.

UPS slumped 2.7 percent Tuesday and JPMorgan Chase gave up 1.2 percent.

Technology stocks were the only sector to rise, but they gave up much of the ground they had won earlier. Intel lost 2.4 percent.

The Standard & Poor's 500 index fell 10 points, or 0.4 percent, to 2,629.

The Dow Jones industrial average lost 109 points, or 0.5 percent, to 24,180. The Nasdaq composite fell 13 points, or 0.2 percent, to 6,762.

Small-company stocks fell more than the rest of the market. The Russell 2000 fell 15 points, or 1 percent, to 1,516.

Bond prices rose. The yield on the 10-year Treasury fell to 2.36 percent.

___

11:45 a.m.

U.S. stock indexes ticked mostly higher at midday as some of the year's biggest winners picked themselves back up following recent stumbles.

Technology stocks recovered following a pullback over the past week.

That helped offset drops in telecom stocks and other parts of the market Tuesday.

Google parent Alphabet rose 2 percent and Microsoft gained 1.5 percent.

Banks were also higher. Wells Fargo jumped 3.3 percent.

The Standard & Poor's 500 index was up 7 points, or 0.3 percent, to 2,646.

The Dow Jones industrial average was little changed at 24,293. The Nasdaq composite rose 48 points, or 0.7 percent, to 6,824.

Bond prices fell. The yield on the 10-year Treasury rose to 2.38 percent.

___

9:35 a.m.

Stocks are edging mostly higher in early trading on Wall Street, led by gains in health care companies.

Medical device maker Boston Scientific rose 1.7 percent early Tuesday and drugmaker AbbVie rose 1.3 percent.

Auto parts retailer AutoZone jumped 6.8 percent after reporting a stronger quarter than anlaysts were expecting.

The Standard & Poor's 500 was little changed at 2,638.

The Dow Jones industrials rose 4 points, less than 0.1 percent, to 24,294. The Nasdaq composite rose 25 points, or 0.4 percent, to 6,800.

Bond prices fell. The yield on the 10-year Treasury rose to 2.38 percent.

Register to the Colorado Springs Gazette
Incognito Mode Your browser is in Incognito mode

You vanished!

We welcome you to read all of our stories by signing into your account. If you don't have a subscription, please subscribe today for daily award winning journalism.

Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Wake up with today's top stories in your inbox

Wake up with today's top stories in your inbox

or
Already a print subscriber?
Already a digital subscriber?
 
This is your last FREE article for the month
This is your last FREE article for the month

Subscribe now and enjoy Unlimited Digital Access to Gazette.com

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber?
Already a digital subscriber?

 
You have reached your article limit for the month
You have reached your article limit for the month

We hope that you've enjoyed your complimentary access to Gazette.com

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber?
Already a digital subscriber?

 
articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.