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.

___

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.

___

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.

Must Read

Recent developments surrounding the South China...

Apr 10, 2017

The Pentagon says A U.S. Navy aircraft carrier strike group is departing the South China Sea to...

Climbing Mount Tai: 6,000 steps up China's sacred...

May 9, 2017

Taishan, or Mount Tai, is China's most sacred mountain

'Silk Road' plan stirs unease over China's...

May 11, 2017

China's plan to build a "new Silk Road" of ports, railways and roads to expand trade across Asia...

Computer beats Chinese champion in ancient board...

May 23, 2017

A computer that plays go has defeated China's top player of the ancient board came and the Chinese...

Wasted green power tests China's energy leadership

Jun 5, 2017

China's scramble to curb pollution has made it the world leader in renewable energy development,...

About Us

RedShiftDaily was started out of fascination with mankind discoveries through peering out into the cosmos. Our team of enthusiasts are going to deliver only the best and latest progress in space technology and discovery so you too can share in the excitement.

Contact us: sales[at]redshiftdaily.com