Markets Right Now: US stocks mostly lower at midday


The newest on developments in monetary markets (All occasions native):

eleven:forty five a.m.

Shares are shifting principally decrease on Wall Road because the market pulls again after an enormous achieve the day earlier than.

Know-how shares, which rose sharply a day earlier and nonetheless lead the market general this yr, led the market decrease Friday.

Williams-Sonoma dropped thirteen % after issuing a weak forecast.

Different retailers have been faring higher. Foot Locker soared 25 % after reporting outcomes that have been much better than analysts have been anticipating.

The Normal & Poor’s 500 index fell three factors, or zero.1 %, to 2,581.

The Dow Jones industrial common gave up 87 factors, or zero.four %, to 23,371. The Nasdaq composite was little modified at 6,792. The Nasdaq closed at a document excessive a day earlier.

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9:35 a.m.

Shares are opening barely decrease on Wall Road because the market pulls again after an enormous achieve the day earlier than.

Know-how shares, which rose sharply a day earlier and nonetheless lead the market general this yr, fell probably the most. Banks have been additionally decrease.

Williams-Sonoma dropped 12 % after issuing a weak forecast.

Different retailers have been faring higher. Foot Locker soared 26 % after reporting outcomes that have been much better than analysts have been anticipating.

The Normal & Poor’s 500 index fell 2 factors, or zero.1 %, to 2,582.

The Dow Jones industrial common gave up sixty nine factors, or zero.three %, to 23,388. The Nasdaq composite was little modified at 6,794. The Nasdaq closed at a document excessive a day earlier.



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