News

Markets Right Now: Stocks slip after a record-breaking drive

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

11:45 a.m.

Stocks are slightly lower on Wall Street as the market pulls back from a record-setting drive last week.

Banks and health care companies were taking some of the largest losses in midday trading.

UnitedHealth Group fell 1.8 per cent, the biggest loss in the Dow Jones industrial average

Consumer-focused stocks also fell. Toy makers Mattel and Hasbro each fell about 3 per cent.

The Dow fell 65 points, or 0.3 per cent, to 19,086. The Standard & Poor’s 500 index lost 8 points, or 0.4 per cent, to 2,204. The Nasdaq composite went down 18 points, or 0.3 per cent, to 5,380.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.32 per cent.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street as a record-setting drive for the market loses steam.

Banks and consumer-focused stocks fell the most in early trading Monday. Toy maker Hasbro fell 2 per cent.

The Dow Jones industrial average fell 37 points, or 0.2 per cent, to 19,115. The Standard & Poor’s 500 index lost 3 points, or 0.2 per cent, to 2,209. The Nasdaq composite went down 12 points, or 0.2 per cent, to 5,386.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.34 per cent.