NEW YORK — The latest on developments in financial markets (All times local):
11:45 a.m.
Stocks are moving slightly lower on Wall Street, a day after the Nasdaq composite notched another record high.
Banks, energy and industrial companies led the way lower Wednesday.
Energy companies were falling along with prices for oil and gas futures. Oil rig operator Transocean slipped 2.1 per cent.
Gilead Sciences plunged 9.4 per cent after the biotechnology company forecast disappointing sales of its hepatitis C drugs.
The Standard & Poor’s 500 index lost 2 points, or 0.1 per cent, to 2,290.
The Dow Jones industrial average fell 51 points, or 0.3 per cent, to 20,039. The Nasdaq composite declined 2 points, or 0.1 per cent, to 5,671.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.34 per cent.
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9:35 a.m.
Stocks are opening slightly lower on Wall Street, a day after the Nasdaq composite notched another record high.
Energy, banks and health care companies led the way lower in early trading Wednesday.
Energy companies were falling along with prices for oil and gas futures. Oil rig operator Transocean slipped 3.3 per cent.
Gilead Sciences plunged 10 per cent after the biotechnology company forecast disappointing sales of its hepatitis C drugs.
The Standard & Poor’s 500 index lost 5 points, or 0.2 per cent, to 2,288.
The Dow Jones industrial average fell 46 points, or 0.2 per cent, to 20,044. The Nasdaq composite declined 13 points, or 0.2 per cent, to 5,661.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.36 per cent.
The Associated Press
