News

Markets Right Now: US stocks end lower

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

4:00 p.m.

Stocks closing broadly lower on Wall Street, more than erasing a gain from the day before.

Health care companies led the retreat for U.S. stocks Tuesday. Materials and technology companies also fell.

Alcoa slumped 11 per cent after its results fell short of Wall Street’s expectations, while genetics research company Illumina dropped 25 per cent after announcing revenue that fell short of analysts’ forecasts.

Apple rose after rival Samsung announced it was discontinuing its Galaxy Note 7 phone.

The Dow Jones industrial average fell 200 points, or 1.1 per cent, to 18,128.

The Standard & Poor’s 500 index lost 26 points, or 1.2 per cent, to 2,136. The Nasdaq composite fell 81 points, or 1.5 per cent, to 5,246.

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

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11:45 a.m.

Stocks are falling on Wall Street as the market gives back a gain from the day before.

Health care and materials stocks fell the most in midday trading Tuesday.

Genetics research company Illumina dropped 24 per cent after announcing revenue that was below what analysts were looking for.

Aluminum maker Alcoa slumped 10 per cent after reporting results that fell short of forecasts.

Apple rose 1 per cent after rival Samsung announced it was discontinuing its Galaxy Note 7 phone.

The Dow Jones industrial average fell 178 points, or 1 per cent, to 18,150.

The Standard & Poor’s 500 index lost 22 points, or 1 per cent, to 2,141. The Nasdaq composite fell 64 points, or 1.2 per cent, to 5,264.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.75 per cent.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street as the market gives back some of its gain from the day before.

Materials and health care stocks fell the most in morning trading Tuesday.

Genetics research company Illumina dropped 24 per cent after announcing third quarter revenue that was below what analysts were looking for.

Apple rose again after rival Samsung announced it was discontinuing its Galaxy Note 7 phone, which competed with Apple’s iPhone. Apple rose 2 per cent.

The Dow Jones industrial average fell 71 points, or 0.4 per cent, to 18,258.

The Standard & Poor’s 500 index lost 8 points, or 0.4 per cent, to 2,154. The Nasdaq composite fell 15 points, or 0.3 per cent, to 5,312.

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