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Markets Right Now: Stocks end mostly lower on Wall Street

July 29, 2019

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

4 p.m.

Stocks are ending mostly lower on Wall Street as losses for banks and communications companies offset gains in other sectors.

Wells Fargo gave up 2.1% Monday and Capital One lost 1.2%. Banks were hurt by a decline in long-term bond yields, which force interest rates on loans like mortgages lower.

Facebook led a decline in communications companies with a drop of 1.9%.

Health care companies were broadly higher. Johnson & Johnson rose 1.8%.

The S&P 500 index fell 4 points, or 0.2% to 3,020.

The Dow Jones Industrial Average rose 28 points, or 0.12%, to 27,221. The Nasdaq fell 36 points, or 0.4%, to 8,293.

Small-company stocks fell more than the rest of the market.

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

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11:45 a.m.

Stocks moved mostly lower on Wall Street as investors pulled back after pushing stocks to record highs last week.

Amazon led a wide range of consumer-oriented companies lower Monday and technology stocks fell broadly, led by Microsoft.

Facebook led communications stocks lower with a drop of 1.7%.

The health care sector benefited from gains in drug companies. Mylan soared 12.8%.

The S&P 500 index fell 4 points, or 0.1% to 3,021.

The Dow Jones Industrial Average rose 68 points, or 0.2%, to 27,259. The Nasdaq fell 51 points, or 0.6%, to 8,279.

More stocks fell than rose on the New York Stock Exchange.

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

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9:35 a.m.

Stocks are off to a mixed start on Wall Street as gains for health care companies are offset by losses elsewhere in the market.

Mylan soared 16% in early trading Monday.

Consumer focused and communications companies were lower. Amazon fell 1.3%.

Booz Allen Hamilton rose 3.4% after the defense contractor reported earnings that beat analysts’ forecasts.

The S&P 500 index fell 3 points, or 0.1% to 3,021.

The Dow Jones Industrial Average rose 43 points, or 0.1%, to 27,233. The Nasdaq fell 37 points, or 0.5%, to 8,291.

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

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