Markets

Markets Right Now: US stocks slip in midday trading

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

11:45 a.m.

U.S. stocks are falling in midday trading, led by declines in industrial companies.

General Electric fell 3.2 per cent Friday after investors were disappointed with its profit forecast.

Technology stocks were also weak, putting the Nasdaq composite on course to end a 10-day winning streak. Texas Instruments fell 1.4 per cent.

Visa rose 1.9 per cent after reporting that its profit rose sharply from a year earlier, following its purchase of Visa Europe.

The Standard & Poor’s 500 index slipped 4 points, or 0.2 per cent, to 2,468.

The Dow Jones industrial average fell 68 points, or 0.3 per cent, to 21,543. The Nasdaq lost 12 points, or 0.2 per cent, to 6,377. The Nasdaq hit a record high the day before.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.24 per cent.

——

9:35 a.m.

Declines in technology and industrial companies are leading stock prices lower in early trading on Wall Street.

General Electric slumped 4.5 per cent in early trading Friday after investors were disappointed in a drop in sales in its electricity and automation business.

Visa rose 1.8 per cent after reporting earnings that beat analysts’ forecasts.

The Standard & Poor’s 500 index slipped 5 points, or 0.2 per cent, to 2,467.

The Dow Jones industrial average slipped 63 points, or 0.3 per cent, to 21,546. The Nasdaq composite fell 12 points, or 0.2 per cent, to 6,377. The Nasdaq hit a record high the day before.

Leave a Reply

Your email address will not be published. Required fields are marked *

four × 2 =