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Markets Right Now: Stocks sink as China said to rebuff talks

September 24, 2018

FILE- This Dec. 21, 2016, file photo shows the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Sept. 24, 2018. (AP Photo/Mark Lennihan, File)

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

4 p.m.

Stocks are closing mostly lower on Wall Street after China and the U.S. put tariffs on more of each other’s goods.

Investors were also discouraged Monday by a report that China rebuffed a plan for more talks on trade.

Oil prices rose after OPEC decided against increasing its output further. That helped send energy stocks higher.

Technology stocks also held up better than the rest of the market. Banks and industrial companies had some of the worst losses.

Comcast fell 6 percent after winning an auction for British satellite broadcaster Sky.

The S&P 500 index fell 10 points, or 0.4 percent, to 2,919.

The Dow Jones Industrial Average fell 181 points, or 0.7 percent, to 26,562. The Nasdaq composite edged up 6 points, or 0.1 percent, to 7,993.

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11:45 a.m.

Stocks are broadly lower on Wall Street after China reportedly rebuffed a plan for talks with the U.S. on resolving their trade dispute.

Oil prices rose Monday after OPEC decided against increasing its output further.

Industrial companies and banks fell more than the rest of the market.

Comcast fell 7 percent after the company won an auction for British satellite broadcaster Sky.

Sirius XM dropped 8.2 percent after announcing a deal to buy streaming music company Pandora. Pandora rose 2.2 percent.

The S&P 500 index fell 12 points, or 0.4 percent, to 2,917.

The Dow Jones Industrial Average fell 165 points, or 0.6 percent, to 26,578. The Nasdaq composite lost 14 points, or 0.2 percent, to 7,972.

Bond prices fell. The yield on the 10-year Treasury rose to 3.08 percent.

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9:35 a.m.

Stocks are opening broadly lower on Wall Street after China reportedly rebuffed a plan for talks with the U.S. on resolving their trade dispute.

Crude oil prices rose early Monday after OPEC decided against increasing its output further.

Comcast fell 5.6 percent. Over the weekend the company won an auction for British satellite broadcaster Sky.

Sirius XM fell 3.2 percent after announcing a deal to buy streaming music company Pandora. Pandora rose 8 percent.

The S&P 500 index fell 9 points, or 0.3 percent, to 2,920.

The Dow Jones Industrial Average fell 58 points, or 0.7 percent, to 26,670. The Nasdaq composite lost 54 points, or 0.7 percent, to 7,932.

Bond prices fell. The yield on the 10-year Treasury rose to 3.08 percent.

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