Markets Right Now: Tech sector leads stocks lower at midday

U.S. stock indexes fell on Monday after losses for technology companies overshadowed gains for energy producers and elsewhere.



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

11:45 a.m.

Technology companies are leading stocks lower in midday trading on Wall Street, outweighing gains for energy produces.

Facebook lost 3.8 percent Monday, and chipmaker Nvidia fell 3.7 percent.

Materials companies and retailers were also lower. International Paper fell 0.7 percent and Amazon lost 1.5 percent.

Energy companies rose along with the price of crude oil. Marathon Oil gained 2.6 percent.

The Standard & Poor’s 500 fell 10 points, or 0.4 percent, to 2,491.

The Dow Jones industrial average fell 82 points, or 0.4 percent, to 22,266. The Nasdaq composite fell 66 points, or 1 percent, to 6,360.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.22 percent.

9:35 a.m.

Stocks are opening modestly lower on Wall Street, led by declines in technology companies.

Apple fell 1.3 percent in early trading Monday following a report that it was telling parts suppliers to slow down delivery of iPhone X components.

Materials companies and retailers were also lower. International Paper fell 1.1 percent and Amazon lost 1.5 percent.

The Standard & Poor’s 500 fell 3 points, or 0.1 percent, to 2,499.

The Dow Jones industrial average fell 10 points, less than 0.1 percent, to 22,341. The Nasdaq lost 36 points, or 0.6 percent, to 6,391.

First Published September 25, 2017 12:00 AM

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