Markets Right Now: US stocks turn mixed in midday trading
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks brushed off early losses and were mixed in midday trading as gains in industrial companies were offset by losses elsewhere in the market.
Union Pacific, a railroad operator, rose 1% Wednesday while Netflix gave up 2.2%.
Major indexes wavered ahead of trade talks this week between the U.S. and China. Investors have been on edge since President Donald Trump threatened to impose higher tariffs on Chinese goods.
TripAdvisor shares dropped 12.4% after the vacation ratings company reported revenue that fell short of what analysts were expecting.
The S&P 500 fell 1 point to 2,883.
The Dow Jones Industrial Average edged up 8 points to 25,972. The Nasdaq fell 5 points, or 0.1%, to 7,958.
Bond prices fell. The yield on the 10 year Treasury rose to 2.46%.
Stocks are opening slightly lower Wednesday as investors watch for developments in the trade dispute between the U.S. and China.
A day after steep losses on Wall Street, the opening declines were modest. Health care companies and makers of household goods fell the most.
TripAdvisor shares dropped 8.3% after the vacation ratings company reported flat first quarter revenue.
Electronic Arts shares jumped 6% after the video game maker's fourth quarter profit and revenue topped Wall Street estimates.
The S&P 500 fell 9 points, or 0.3%, to 2,875.
The Dow Jones Industrial Average lost 53 points, or 0.2%, to 25,911. The Nasdaq fell 27 points, or 0.4%, to 7,935.
Bond prices were little changed. The yield on the 10 year Treasury held steady at 2.44%.