ADVERTISEMENT

Markets Right Now: Stocks move lower on Wall Street

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

11:45 a.m.

Industrial and technology companies are leading stocks lower in midday trading on Wall Street.

Boeing sank 4.8% Monday after the company said it would cut back production of its troubled 737 Max plane, which was involved in two deadly crashes in recent months.

Technology companies were also falling. Chipmaker Micron Technologies fell 1.5%.

The S&P 500 index fell 5 points, or 0.2%, to 2,887. The index is coming off a seven-day winning streak.

The Dow Jones Industrial Average lost 120 points, or 0.5%, to 26,304. The Nasdaq fell 11 points, or 0.1%, to 7,927.

Bond prices fell. The yield on the benchmark 10-year Treasury rose to 2.52%.

___

9:35 a.m.

Stocks are opening broadly lower on Wall Street as industrial and technology companies fall.

Boeing sank 3.8% in early trading Monday after the company said it would cut back production of its troubled 737 Max plane, which was involved in two deadly crashes in recent months.

Technology companies were also falling. Chipmaker Micron Technologies fell 1.9% in the first few minutes of trading.

The S&P 500 index fell 10 points, or 0.4%, to 2,882. The index is coming off a seven-day winning streak.

The Dow Jones Industrial Average lost 174 points, or 0.7%, to 26,247. The Nasdaq fell 36 points, or 0.4%, to 7,903.

Bond prices were little changed. The yield on the benchmark 10-year Treasury held steady at 2.50%.

Bg pattern light

UPGRADE TO PREMIUM

Subscribe to Samoa Observer Online

Enjoy access to over a thousand articles per month, on any device as well as feature-length investigative articles.

Ready to signup?