Markets Right Now: Stocks eke out small gains

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

4 p.m.

Stocks are closing with small gains, avoiding a third straight decline.

Technology and internet stocks led the winners Tuesday. Twitter rose 3.3% and Advanced Micro Devices rose 3.5%.

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Industrial companies and consumer products were the laggards. 3M fell 2% and Procter & Gamble lost 1%.

Acacia Communications jumped 35% after the company agreed to be acquired by Cisco Systems.

The S&P 500 index rose 3 points, or 0.1%, to 2,979. The Nasdaq gained 43 points, or 0.5%, to 8,141.

The Dow Jones industrials lost 22 points, or 0.1%, to 26,783, partly due to the loss for 3M.

The market’s movements have lacked conviction this week as investors await two days of congressional testimony by Fed Chair Jay Powell.

Bond prices fell. The yield on the 10-year Treasury rose to 2.06%.

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11:45 a.m.

Major U.S. stocks indexes are mostly lower in midday trading as the market extends a bout of weakness into a third day.

Industrial companies and consumer products makers were broadly lower Tuesday. 3M fell 2.6% and Procter & Gamble lost 1.3%.

Those losses were partly offset by gains in other sectors. Netflix rose 1.7% and Advanced Micro Devices rose 2.5%.

Acacia Communications jumped 35% after the company agreed to be acquired by Cisco Systems.

The S&P 500 index slipped 2 points, or 0.1%, to 2,973.

The Dow Jones Industrial Average lost 91 points, or 0.3%, to 26,714. The Nasdaq shook off an early loss and was up 21 points, or 0.3%, to 8,119.

Bond prices fell. The yield on the 10-year Treasury rose to 2.05%.

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9:35 a.m.

Stocks are off to a weak start on Wall Street as the market extends its slump into a third day.

Banks and technology companies took some of the biggest losses in early trading Tuesday. State Street lost 1.1% and chipmaker Intel fell 1%.

Acacia Communications jumped 35% after the company agreed to be acquired by Cisco Systems.

The S&P 500 index fell 8 points, or 0.3%, to 2,967.

The Dow Jones Industrial Average lost 100 points, or 0.4%, to 26,704. The Nasdaq fell 22 points, or 0.3%, to 8,075.

Bond prices fell. The yield on the 10-year Treasury rose to 2.06%.

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