Markets Right Now: A mixed close for stocks on Wall Street
NEW YORK – The latest on developments in financial markets (All times local):
4:00 p.m.
Stocks closed little changed on Wall Street as investors looked over a big batch of earnings reports from U.S. companies.
Ryder System, a truck leasing company, dropped 8 per cent Thursday after reporting earnings that fell far short of what Wall Street analysts were expecting.
Ralph Lauren plunged 12 per cent after announcing that Stefan Larsson, who took over as CEO for Ralph Lauren less than two years ago, is leaving the company.
The Standard & Poor’s 500 index edged up 1 point, less than 0.1 per cent, to 2,280.
The Dow Jones industrial average fell 6 points, less than 0.1 per cent, to 19,884. The Nasdaq composite gave up 6 points, or 0.1 per cent, to 5,636.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.48 per cent.
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11:45 a.m.
Stocks are moving lower on Wall Street as traders didn’t find much to get excited about in the latest batch of earnings reports from U.S. companies.
Ryder System, a truck leasing company, fell 6 per cent after reporting earnings that fell far short of what Wall Street analysts were expecting.
Ralph Lauren dropped 12 per cent after announcing that Stefan Larsson, who took over as CEO for Ralph Lauren less than two years ago, is leaving the company.
The Standard & Poor’s 500 index lost 3 points, or 0.1 per cent, to 2,276.
The Dow Jones industrial average fell 43 points, or 0.2 per cent, to 19,846. The Nasdaq composite gave up 10 points, or 0.2 per cent, to 5,631.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.46 per cent.
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9:35 a.m.
Stocks are opening modestly lower on Wall Street as traders didn’t find much to get excited about in the latest batch of earnings reports from U.S. companies.
Insurer MetLife sank 5 per cent early Thursday after reporting earnings and revenue that came in well below analysts’ forecasts.
Ralph Lauren dropped 10 per cent after announcing that Stefan Larsson, who took over as CEO for Ralph Lauren less than two years ago, is leaving the company.
The Standard & Poor’s 500 index lost 6 points, or 0.3 per cent, to 2,273.
The Dow Jones industrial average fell 34 points, or 0.2 per cent, to 19,861. The Nasdaq composite gave up 22 points, or 0.4 per cent, to 5,619.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.44 per cent.
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