Markets Right Now: Stocks edge lower on Wall Street
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks closed mostly lower on Wall Street as traders didn’t find much to like in a mixed batch of corporate earnings.
The modest slide Tuesday came after President Donald Trump ramped up criticism of China just as negotiators began a new round of talks in the nations’ long-running and costly trade dispute.
Several companies fell after reporting disappointing results. HCA Healthcare slumped 9.1% after reporting earnings that fell far short of analysts’ estimates.
Capital One fell 5.9% after reporting a big data breach.
The S&P 500 lost 7 points, or 0.3% to 3,013.
The Dow Jones Industrial Average slipped 23 points, or 0.1%, to 27,198. The Nasdaq fell 19 points, or 0.2%, to 8,273.
Small-company stocks rose.
Bond prices fell. The yield on the 10-year Treasury rose to 2.06%.
Stocks moved slightly lower on Wall Street as President Donald Trump ramped up criticism of China just as negotiators began a new round of trade talks.
The latest tweets Tuesday injected anxiety into the markets in an already busy week.
The Federal Reserve is expected to cut interest rates Wednesday and a government jobs report is due out Friday.
Technology and health care stocks led the market lower. Apple, which reports its financial results after the market closes, fell 1%. Pfizer slid 5.1%.
Capital One fell 7% after reporting a data breach.
The S&P 500 index fell 11 points, or 0.4% to 3,009.
The Dow Jones Industrial Average dropped 70 points, or 0.3%, to 27,151. The Nasdaq fell 31 points, or 0.4%, to 8,261.
Stocks are opening lower on Wall Street as health care and technology companies slip.
The early declines bring major U.S. indexes further below the records they reached last Friday.
Capitol One Financial dropped 5.6% after reporting a data breach that comprised the personal information of about 106 million people.
Investors had a lot of company earnings reports to look over, and several of them came up short of expectations.
Plant-based burger maker Beyond Meat plunged 14% after announcing a stock sale.
The S&P 500 index fell 13 points, or 0.4% to 3,007.
The Dow Jones Industrial Average dropped 104 points, or 0.4%, to 27,117. The Nasdaq fell 37 points, or 0.5%, to 8,255.
Bond prices held steady. The yield on the 10-year Treasury remained at 2.05%.