Markets Right Now: US indexes pull back, end mixed

NEW YORK – The latest on developments in financial markets (All times local):

4:00 p.m.

Stocks ended mostly lower, ending the longest winning streak in more than three years for the Standard & Poor’s 500 index.

The Dow Jones industrial average eked out a tiny gain Thursday, enough to mark another all-time high.

Energy companies fell more than the rest of the market.

Range Resources dropped 5.3 per cent and Southwestern Energy lost 4.7 per cent.

Several companies slumped after reporting weak results. Molina Healthcare plunged 18 per cent and TripAdvisor dropped 11 per cent.

High-dividend stocks like utilities and phone companies rose.

The S&P 500 index slipped 2 points, or 0.1 per cent, to 2,347.

The Dow inched up 7 points to 20,619. The Nasdaq composite declined 4 points, or 0.1 per cent, to 5,814.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.45 per cent.

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11:45 a.m.

Stocks pulled back following a record-setting run that marked the longest winning streak in over 3 years for the Standard & Poor’s 500 index.

U.S. indexes receded Thursday from the all-time highs they reached a day earlier.

The dollar fell against rival currencies, and bond yields moved lower.

Energy and bank stocks fell the most. Utilities rose.

Several companies slumped after missing their targets for earnings, revenue or both. TripAdvisor dropped 9 per cent and Molina Healthcare plunged 18 per cent.

The S&P 500 index gave back 5 points, or 0.2 per cent, to 2,343.

The Dow Jones industrial average fell 14 points, or 0.1 per cent, to 20,596. The Nasdaq composite declined 13 points, or 0.2 per cent, to 5,805.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.45 per cent.

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9:35 a.m.

Stocks are struggling higher in early trading, keeping indexes at or near record highs, as investors looked over the latest batch of company earnings.

Some companies gained in early trading Thursday after posting solid results, including Cisco Systems, which increased 2.5 per cent.

But several others slumped after missing their targets for earnings, revenue or both. TripAdvisor slumped 9 per cent and Molina Healthcare dropped 15 per cent.

The Standard & Poor’s 500 index edged up 1 point to 2,350.

The Dow Jones industrial average climbed 13 points, or 0.1 per cent, to 20,623. The Nasdaq composite increased 9 points, or 0.2 per cent, to 5,829.