Markets Right Now: Tech stocks lead US indexes lower


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

11:45 a.m.

U.S. stocks are falling in midday trading, following European indexes lower after the European Central Bank didn’t expand or extend its stimulus measures.

Technology companies fell Thursday. Apple lost 2 percent a day after the company introduced its new iPhone.

Tractor Supply, a retailer for farmers and ranchers, plunged 15 percent on a weak outlook and pulled consumer companies lower.

Energy stocks rose as oil prices climbed. Southwestern Energy jumped 6 percent.

The Dow Jones industrial average lost 31 points, or 0.2 percent, to 18,494. The Standard & Poor’s 500 index shed 3 points, or 0.2 percent, to 2,182. The Nasdaq composite fell 16 points, or 0.3 percent, to 5,267.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.59 percent.

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9:40 a.m.

U.S. stocks are falling in morning trading, following European indexes lower after the European Central Bank didn’t expand or extend its stimulus measures.

Tractor Supply, a retailer for farmers and ranchers, plunged 15 percent on a weak outlook and pulled consumer companies lower Thursday.

Technology companies also weakened. Apple fell 1.3 percent and Intel slipped 0.5 percent after announcing the spinoff of its cybersecurity business.

Oil prices are rising on reports of a big drop in crude supplies. U.S. crude rose 2 percent, and energy companies traded higher.

The Dow Jones industrial average lost 65 points, or 0.4 percent, to 18,461. The Standard & Poor’s 500 index shed 6 points, or 0.3 percent, to 2,180. The Nasdaq composite fell 33 points, or 0.4 percent, to 5,261.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.56 percent.

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