Markets Right Now: Stocks end mostly lower on Wall Street

FILE- In this April 24, 2018, file photo, an American flag flies outside the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Aug 8. (AP Photo/Mary Altaffer, File)

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

4 p.m.

Stocks struggled to a mostly lower finish on Wall Street, ending a four-day winning streak for the S&P 500 index.

Energy companies fell more than the rest of the market Wednesday and the price of crude oil fell more than 3 percent. Marathon Oil lost 2.8 percent.

Makers of consumer products also fell. Philip Morris International gave up 2.1 percent.

Banks and other financial companies rose. Prudential climbed 1.2 percent.

Snap slumped 6.8 percent after reporting that it lost daily users in the latest quarter.

The S&P 500 index fell less than 1 point to 2,857.

The Dow Jones Industrial Average fell 45 points, or 0.2 percent, to 25,583. The Nasdaq edged up 4 points to 7,888.

The yield on the 10-year Treasury held steady at 2.97 percent.

___

11:45 a.m.

Stocks are drifting mostly lower in midday trading on Wall Street, threatening to end a winning streak for the S&P 500 index.

Energy companies fell along with a drop in the price of crude oil. Marathon Oil lost 3.4 percent.

Snapchat parent company Snap slid 6.3 percent after reporting that it lost daily users in the latest quarter.

Papa John's sank 4 percent after issuing a weak outlook. The company is in a public fight with its founder, who is also its largest shareholder.

The S&P 500 index was down a fraction of a point at 2,858.

The Dow Jones Industrial Average fell 37 points, or 0.2 percent, to 25,589. The Nasdaq was down a fraction at 7,883.

The yield on the 10-year Treasury was little changed at 2.97 percent.

___

9:35 a.m.

Stocks are opening slightly lower on Wall Street following four straight gains in the benchmark S&P 500 index.

Energy companies fell along with the price of crude oil in early trading Wednesday. Marathon Oil gave up 1.2 percent.

Investors were still focused on quarterly earnings reports. Snapchat parent company Snap was down 4.1 percent after reporting that it lost daily users in the latest quarter.

Pizza delivery company Papa John's sank 6.3 percent after issuing a weak outlook.

The S&P 500 index slipped 1 point to 2,857.

The Dow Jones Industrial Average fell 5 points to 25,624. The Nasdaq composite fell 4 points to 7,879.

The yield on the 10-year Treasury note was little changed at 2.97 percent.

Must Read

Sept. 11 memorial motorcycle ride ending on a...

Aug 10, 2016

Leaders of a massive, annual motorcycle procession to the three Sept. 11 crash sites say this...

Giant T (for Trump) replaces one that was torched...

Aug 11, 2016

A huge red-white-and-blue letter T in tribute to Republican presidential nominee Donald Trump has...

Air Force struggles with fighter pilot shortage...

Aug 10, 2016

Air Force officials say they have a shortage of 700 fighter pilots, even as the U.S. battles in...

David Ortiz limps off after fouling ball off...

Aug 11, 2016

Red Sox star David Ortiz left a game against the New York Yankees in pain after fouling a pitch off...

Ecuador to set date for Assange to be questioned...

Aug 12, 2016

Ecuador said Thursday it's ready to set a date for Swedish prosecutors to question Julian Assange...

Sign up now!

About Us

In The Headline sought to bring professionalism back into journalism, bringing you only the most exclusive and the most impactive news from all over the globe.

Contact us: sales[at]intheheadline.com