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

11:45 a.m.

Stocks are falling sharply on Wall Street, erasing an early gain, as the market closed in on its third weekly decline in four weeks.

Losses in technology and health care stocks Friday outweighed gains elsewhere in the market. Microsoft lost 2.1 per cent.

Energy companies led the gainers as crude oil prices rose on news that OPEC members agreed to cut production next year. Anadarko Petroleum rose 3.4 per cent.

The Dow Jones Industrial Average fell 321 points, or 1.3 per cent, to 24,626.

The S&P 500 index fell 31 points, or 1.2 per cent, to 2,664. The Nasdaq composite gave up 109 points, or 1.5 per cent, to 7,079.

Bond prices fell. The yield on the 10-year Treasury rose to 2.89 per cent.

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9:35 a.m.

Stocks are edging higher in the early going on Wall Street as trading settles down following a wild ride the day before.

Energy companies were doing well early Friday as the price of crude oil shot up 4 per cent. Chevron climbed 1.6 per cent.

Banks were also higher. JPMorgan Chase rose 1 per cent.

Tobacco company Altria, which makes Marlboro cigarettes, rose 1.3 per cent after announcing a $2.4 billion investment in Cronos Group, a Canadian medical and recreational marijuana company.

The Dow Jones Industrial Average rose 79 points, or 0.3 per cent, to 25,034.

The S&P 500 index added 7 points, or 0.3 per cent, to 2,703. The Nasdaq composite rose 6 points, or 0.1 per cent, to 7,195.

Bond prices fell. The yield on the 10-year Treasury rose to 2.90 per cent.