Markets Right Now: Stocks shake off an early loss, end mixed

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

4 p.m.

Stocks recovered most of an early loss and drifted to a mixed finish on Wall Street as gains for banks and industrial companies were offset by losses elsewhere in the market.

Capital One Financial rose 1.7 per cent Wednesday, and Boeing climbed 2 per cent. UnitedHealth Group fell 4.9 per cent.

The market slumped in the early going after a key U.S. trade representative heightened doubt over how much progress was being made in trade talks between the U.S. and China.

The S&P 500 fell 1 point, less than 0.1 per cent, to 2,792.

The Dow Jones Industrial Average lost 72 points, or 0.3 per cent, to 25,985. The Nasdaq edged up 5 points, or 0.1 per cent, to 7,554.

Bond prices fell. The yield on the 10-year Treasury rose to 2.69 per cent.

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11:45 a.m.

Stocks fell in midday trading after comments from a key U.S. trade representative heightened doubt over how much progress was being made in trade talks between the U.S. and China.

Traders were also keeping a wary eye Wednesday on a flare-up in tensions between India and Pakistan. Pakistan said it shot down two Indian warplanes in the disputed region of Kashmir.

Weight Watchers plunged 33.8 per cent after issuing a dismal forecast, and drugmaker Mylan slumped 12.2 per cent after also giving a weak outlook.

The S&P 500 fell 7 points, or 0.3 per cent, to 2,785.

The Dow Jones Industrial Average lost 108 points, or 0.4 per cent, to 25,952. The Nasdaq fell 16 points, or 0.2 per cent, to 7,532.

Bond prices fell. The yield on the 10-year Treasury rose to 2.68 per cent.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street as health care and internet companies move lower.

UnitedHealth gave up 1.3 per cent early Wednesday and Facebook lost 1 per cent.

Weight Watchers plunged 35 per cent after issuing a surprisingly weak forecast, and drugmaker Mylan slumped 13.5 per cent after also giving a weak outlook.

The price of oil bounced back 2 per cent, which helped send energy companies higher.

The S&P 500 index fell 5 points, or 0.2 per cent, to 2,788.

The Dow Jones Industrial Average lost 67 points, or 0.3 per cent, to 25,991. The Nasdaq fell 14 points, or 0.2 per cent, to 7,535.

Bond prices fell. The yield on the 10-year Treasury rose to 2.67 per cent.