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Markets Right Now: Stocks ending higher on Wall Street

July 2, 2018

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

4:00 p.m.

Major U.S. stock indexes are closing higher Monday, as stocks recovered most of their early losses thanks to gains by technology stocks and banks

Losses by energy and consumer goods companies as well as big department store chains had weighed on the market until indexes reversed course at the close.

The S&P 500 index rose 8 points, or 0.3 percent, to 2,726. The Dow Jones Industrial Average gained 35 points, or 0.2 percent, to 24,307. The Nasdaq composite jumped 57 points, or 0.8 percent, to 7,567.

U.S. crude oil slid 21 cents to $73.94 a barrel. The yield on the 10-year Treasury rose to 2.86 percent. The dollar strengthened versus the euro, the Mexican peso and the Canadian dollar.

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12:00 p.m.

U.S. stocks are falling Monday amid weak economic data from Asia and an election result in Mexico that’s likely to complicate talks on renegotiating the NAFTA trade agreement.

The S&P 500 index lost 9 points, or 0.3 percent, to 2,709. The Dow Jones Industrial Average fell 110 points, or 0.5 percent, to 24,161. The Nasdaq composite slid 16 points, or 0.2 percent, to 7,493.

After a brief jump on news it had hit its production targets, Tesla shares fell 1.2 percent.

U.S. crude oil fell 47 cents to $73.68 a barrel, and that dragged energy stocks lower: Cimarex Energy fell 4 percent and Concho Resources lost 2.4 percent.

Tracking shares in computer maker Dell rose 7.9 percent after saying it would going public, and VMWare jumped nearly 10 percent on speculation Dell may buy out the shares it doesn’t already own.

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9:35 a.m.

U.S. stocks are falling Monday amid weak economic data from Asia and an election result in Mexico that’s likely to complicate talks on renegotiating the NAFTA trade agreement.

The S&P 500 index lost 18 points, or 0.7 percent, to 2,699. The Dow Jones Industrial Average fell 180 points, or 0.7 percent, to 24,088. The Nasdaq composite slid 62 points, or 0.8 percent, to 7,448.

Tesla shares jumped 5.8 percent after the electric car maker hit its production target for the new Model 3.

Investors also weighed the EU’s warning to the Trump administration that it might slap tariffs on $300 billion of U.S. exports in retaliation for Trump’s threatened tariffs on European cars.

Tracking shares in computer maker Dell rose 8 percent after it announced it would go public again after five years as a private company.

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