Markets Right Now: Stocks edge below record high levels
NEW YORK (AP) — The latest on developments in financial markets (all times local):
11:45 a.m.
Stocks edged back from their record high levels as investors ponder what will come of the latest truce in the U.S.-China trade war.
Trading was quiet Tuesday ahead of a half day of trading in the U.S. Wednesday and a day off Thursday for Independence Day.
Energy stocks fell more than the rest of the market as the price of crude oil dropped more than 3%. Chevron lost 1.6%
Safe-play sectors like real estate and utilities rose.
The S&P 500 index was flat at 2,963.
The Dow Jones Industrial Average fell 16 points, or 0.1%, to 26,699. The Nasdaq fell 16 points, or 0.2%, to 8,074.
Small-company stocks fell more than the rest of the market.
Bond prices rose. The yield on the 10 year Treasury fell to 1.99%.
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9:35 a.m.
Stocks are opening slightly lower on Wall Street a day after optimism over trade sent the S&P 500 to a record high close.
Technology and health care led the way lower in the early going Tuesday. Automatic Data Processing lost 3.7% and Humana lost 1.4%
Safe-play sectors like real estate and utilities did better than the rest of the market.
Trading was muted ahead of the July 4th holiday on Thursday.
The S&P 500 index was little changed at 2,964.
The Dow Jones Industrial Average fell 16 points, or 0.1%, to 26,699. The Nasdaq fell 2 points, less than 0.1%, to 8,088.
Small-company stocks fell more than the rest of the market.
Bond prices rose. The yield on the 10-year Treasury fell to 2.01%.