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

4:00 p.m.

U.S. stocks gave up an early gain and finished the day more or less where they started.

Energy companies took some losses as the price of crude oil dropped sharply on Thursday. Chevron sank 1.5 percent.

Phone company stocks, utilities, gold and bonds all fell. Those safe-play investments were in favor over the past two weeks after Britons voted to leave the European Union.

PepsiCo gained 1.5 percent after reporting better earnings than analysts were expecting.

The Dow Jones industrial average was off 22 points, or 0.1 percent, at 17,895.

The Standard & Poor's 500 index fell a point to 2,097. The Nasdaq composite rose 17 points, or 0.4 percent, to 4,876.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.39 percent.

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11:45 a.m.

U.S. stocks are little changed in midday trading after giving up an early gain.

Energy stocks took a turn lower Thursday after the price of oil dropped.

Investors were also moving money out of safe haven investments like utility and phone company stocks, gold and U.S. government debt.

PepsiCo gained 2 percent after reporting better earnings than analysts were expecting. The soda giant said snack sales were strong.

The Dow Jones industrial average was off 7 points, less than 0.1 percent, to 17,912.

The Standard & Poor's 500 index edge up a fraction to 2,100. The Nasdaq composite rose 13 points, or 0.3 percent, to 4,872.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.38 percent.

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9:35 a.m.

Stocks are opening higher on Wall Street following solid gains in Europe and some encouraging reports on the U.S. economy.

PepsiCo gained 2 percent early Thursday after reporting better earnings than analysts were expecting. The soda giant said snack sales were strong and people were buying more healthy drink options.

Bond prices, gold and utilities stocks fell as investors shifted out of safe-play assets they have been favoring in recent weeks following Britain's historic vote to leave the European Union.

The Dow Jones industrial average climbed 40 points, or 0.2 percent, to 17,960.

The Standard & Poor's 500 index gained 6 points, or 0.3 percent, to 2,105. The Nasdaq composite rose 20 points, or 0.4 percent, to 4,879.

The yield on the 10-year Treasury note rose to 1.41 percent.