Copyright 2019 Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Major U.S. stock indexes ended a wobbly day with meager gains, enough to push them slightly further into record territory.
Trading was indecisive for much of the day Monday, as losses for banks mostly offset gains in other sectors including technology and health care.
Citigroup ended a touch lower despite reporting higher earnings. JPMorgan Chase, which reports earnings Tuesday, lost 1.2%.
Insight by the Trezza Media Group: Technology experts from DoD’s JAIC, HHS and NOAA Fisheries explore machine learning and AI in this free webinar.
Among technology stocks, Broadcom climbed 1% after talks to acquire Symantec reportedly broke down. Symantec slumped 10.7%.
The S&P 500 index rose less than 1 point to 3,014.
The Dow Jones Industrial Average rose 27 points, or 0.1%, to 27,359. The Nasdaq added 14 points, or 0.2%, to 8,258.
Bond prices rose. The yield on the 10-year Treasury fell to 2.09%.
Subscribe to Federal News Network's In Case You Missed It newsletter for updates on the most important stories of the day.
Stocks edged lower in midday trading on Wall Street as a decline in banks offset solid gains in technology companies.
The losses Monday follow record high finishes for every major stock index last week. The S&P 500 index also pushed above 3,000 for the first time.
JPMorgan and Bank of America led banks lower as the sector leads the first round of second quarter corporate earnings reports.
Symantec slumped 14% after CNBC reported that deal talks between the cybersecurity company and Broadcom have ended.
The S&P 500 index slipped 5 points, or 0.2%, to 3,008.
The Dow Jones Industrial Average fell 33 points, or 0.1%, to 27,299. The Nasdaq lost 7 points, or 0.1%, to 8,237.
Stocks are off to a mixed start on Wall Street as gains for technology companies are offset by losses in banks and other sectors.
Apple added 1.1% early Monday, but Citigroup fell 1.8% despite reporting higher profits in the latest quarter. Citi is the first big U.S. bank to report its second-quarter results.
Symantec slumped 13.7% after CNBC reported that deal talks between the cybersecurity company and Broadcom have ended.
The S&P 500 index was little changed at 3,013.
The Dow Jones Industrial Average edged up 6 points to 27,339. The Nasdaq added 7 points to 8,249.
Bond prices fell. The yield on the 10-year Treasury rose to 2.11%.
Copyright © 2019 The Associated Press. All rights reserved. This website is not intended for users located within the European Economic Area.