Markets Right Now: Stocks end lower after early gain fades

Specialists Anthony Rinaldi, left, and Peter Mazza work on the floor of the New York Stock Exchange, Monday, April 23, 2018. U.S. stocks are mixed Monday morning as health care and industrial companies make gains and energy companies slip with oil prices. (AP Photo/Richard Drew)

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

4 p.m.

Stocks are closing mostly lower on Wall Street after an early gain faded away.

Technology companies fell Monday, offsetting gains in other sectors including energy and phone companies.

Bond prices continue to fall, sending the yield on the 10-year Treasury note closer to 3 percent, a milestone it hasn't reached since January 2014.

Sears rose 7.6 percent after the company's CEO said the struggling retailer should sell its Kenmore brand.

The S&P 500 index ended little changed at 2,670.

The Dow Jones industrial average fell 14 points, or 0.1 percent, to 24,448. The Nasdaq composite fell 17 points, or 0.2 percent, to 7,128.

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11:45 a.m.

Stocks are higher in midday trading as gains in technology stocks and retailers outweigh losses in energy companies.

Microsoft rose 1 percent Monday and Starbucks climbed 1.1 percent.

Sears rose 2.7 percent after the company's largest shareholder urged the struggling retailer to sell its Kenmore brand.

Bond prices continued to fall, sending the yield on the 10-year Treasury note closer to 3 percent, a milestone it hasn't reached since January 2014.

The S&P 500 index rose 7 points, or 0.3 percent, to 2,677.

The Dow Jones industrial average rose 17 points, or 0.1 percent, to 24,480. The Nasdaq composite added 33 points, or 0.5 percent, to 7,179.

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9:35 a.m.

Stocks are opening mostly higher on Wall Street, led by gains in technology and health care companies.

Software company Red Hat rose 1.5 percent early Monday, and pharmaceutical giant Merck rose 2.4 percent.

Hasbro dropped 2.7 percent after reporting a loss in its latest quarter and a drop in sales. Mattel fell 1.9 percent.

The S&P 500 index rose 5 points, or 0.2 percent, to 2,675.

The Dow Jones industrial average rose 61 points, or 0.2 percent, to 24,521. The Nasdaq composite rose 19 points, or 0.3 percent, to 7,167.

Bond prices fell, sending yields higher. The yield on the 10-year Treasury note climbed to 2.97 percent.

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