Markets Right Now: Stocks close mostly lower on Wall Street - NEWS 95.7
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Markets Right Now: Stocks close mostly lower on Wall Street

Last Updated Sep 25, 2018 at 5:41 pm ADT

FILE - In this Dec. 27, 2017, file photo, a logo for the New York Stock Exchange is displayed above the trading floor. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Sept. 25, 2018. (AP Photo/Mark Lennihan, File)

NEW YORK, N.Y. – The latest on developments in financial markets (all times local):

4 p.m.

Stocks are finishing mostly lower on Wall Street as losses by financial and health care companies offset gains elsewhere in the market.

Chubb fell 1.2 per cent Tuesday and Johnson & Johnson lost 1.3 per cent.

Airlines had another bad day as oil prices rose, which could translate into higher fuel costs for carriers. American Airlines gave up 2.8 per cent.

The S&P 500 index fell 3 points, or 0.1 per cent, to 2,915, its third loss in a row.

The Dow Jones Industrial Average gave up 69 points, or 0.3 per cent, to 26,492.

Technology companies held up better than the rest of the market.

The Nasdaq composite gained 14 points, or 0.2 per cent, to 8,007.

Bond prices continued to fall. The yield on the 10-year Treasury rose to 3.09 per cent.

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11:50 a.m.

U.S. stocks are mostly higher at midday as energy companies rise along with oil prices.

ConocoPhillips rose 1.5 per cent Tuesday and Chevron added 0.5 per cent.

High-dividend stocks like utilities fell as interest rates increased. The Federal Reserve is expected to raise interest rates Wednesday, and higher rates make bonds more appealing compared to stocks.

Facebook slid 0.8 per cent after the founders of Instagram said they are leaving the company.

The S&P 500 index added 2 points, or 0.1 per cent, to 2,921.

The Dow Jones Industrial Average rose 26 points, or 0.1 per cent, to 26,588. The Nasdaq composite gained 16 points, or 0.2 per cent, to 8,009.

Bond prices continued to fall. The yield on the 10-year Treasury rose to 3.10 per cent.

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9:35 a.m.

Stocks are opening slightly higher as energy companies rise with oil prices.

Benchmark U.S. crude rose 0.7 per cent to $732.59 a barrel, its highest in about three months. Chevron gained 1 per cent.

Facebook fell 2.5 per cent after the founders of Instagram said they are leaving the company.

Interest rates neared their highest levels of the year as the Federal Reserve is expected to raise interest rates Wednesday.

The S&P 500 index added 2 points, or 0.1 per cent, to 2,921.

The Dow Jones Industrial Average rose 51 points, or 0.2 per cent, to 26,613. The Nasdaq composite dipped 1 point to 7,991.

Bond prices continued to fall. The yield on the 10-year Treasury rose to 3.10 per cent.

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