News

Markets Right Now: Stocks move slightly lower on Wall Street

NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):

11:45 a.m.

Stocks are moving slightly lower on Wall Street in midday trading, led by a decline in energy stocks.

Devon Energy sank 3.3 per cent Monday, the biggest loss in the Standard & Poor’s 500 index.

Utilities bucked the downward trend and were trading higher. Public Service Enterprise Group added 1.4 per cent.

The Dow Jones industrial average fell 26 points, or 0.2 per cent, to 18,109.

The S&P 500 index lost 2 points, or 0.1 per cent, to 2,130. The Nasdaq composite declined 3 points, or 0.1 per cent, to 5,210.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.77 per cent.

___

9:35 a.m.

Stocks are opening slightly lower on Wall Street, led by a decline in health care stocks.

Drugmaker Merck fell 1 per cent in early trading Monday, the biggest loss in the Dow Jones industrial average.

Utilities bucked the downward trend and were trading higher. Public Service Enterprise Group added 1.5 per cent in early trading.

The Dow fell 24 points, or 0.1 per cent, to 18,114.

The Standard & Poor’s 500 index lost 3 points, or 0.1 per cent, to 2,130. The Nasdaq composite declined 10 point, or 0.2 per cent, to 5,203.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.78 per cent.