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Markets Right Now: US stocks end modestly lower

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

4:00 p.m.

Stocks ended slightly lower on Wall Street, closing out the market’s second losing week in a row.

Health care and technology stocks did especially poorly on Friday. Giant drugmaker Merck fell 3 per cent and Apple lost 2 per cent, the biggest losses in the Dow Jones industrial average.

The price of oil turned higher, helping lift energy stocks. U.S. crude gained 4 per cent to $48 a barrel in New York.

The Dow Jones industrial average gave up 57 points, or 0.3 per cent, to 17,675. The Standard & Poor’s 500 index fell 6 points, or 0.3 per cent, to 2,071. The Nasdaq composite dropped 44 points, or 0.9 per cent, to 4,800.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.61 per cent.

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11:45 a.m.

U.S. stocks moved lower in midday trading on Wall Street, erasing all of the previous day’s gains.

Investors were continuing to monitor Friday Britain’s frenzied debate on whether t

o leave the European Union. Britons go to the polls next Thursday.

Technology stocks had some of the biggest losses. Google parent Alphabet slumped 3 per cent.

The price of oil turned higher, helping lift energy stocks. U.S. crude gained almost 3 per cent to $47 a barrel in New York.

The Dow Jones industrial average gave up 100 points, or 0.6 per cent, to 17,632. The Standard & Poor’s 500 index fell 12 points, or 0.6 per cent, to 2,065. The Nasdaq composite dropped 45 points, or 0.9 per cent, to 4,799.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.61 per cent.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street, with the biggest losses coming in technology and health care companies.

Apple fell 1.6 per cent and drugmaker Merck lost 1.3 per cent shortly after the opening bell on Friday.

The price of oil turned higher, helping lift energy stocks. U.S. crude gained 2 per cent to $47 a barrel in New York.

The Dow Jones industrial average gave up 46 points, or 0.3 per cent, to 17,698. The Standard & Poor’s 500 index fell 6 points, or 0.3 per cent, to 2,071. The Nasdaq composite dropped 27 points, or 0.6 per cent, to 4,817.

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