Markets Right Now: Stocks move lower on Wall Street

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

11:45 a.m.

Stocks are trading lower on Wall Street after China reported a surprise drop in exports last month, renewing concerns about that country’s economy.

Technology and health care companies are taking some of the biggest losses Monday.

Apple lost 1.8 per cent and Merck gave up 1.7 per cent.

PG&E lost half its value after the troubled California utility, which faces potentially huge liabilities over the state’s deadly wildfires, said it would file for bankruptcy protection.

Newspaper publisher Gannett soared 20 per cent after the publisher of USA Today got an unsolicited takeover bid.

The S&P 500 fell 13 points, or 0.5 per cent, to 2,582.

The Dow Jones Industrial Average lost 105 points, or 0.4 per cent, to 23,890. The Nasdaq gave up 51 points, or 0.7 per cent, to 6,919.

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9:35 a.m.

Stocks are opening lower on Wall Street after China reported a surprise drop in exports to the U.S. last month.

Technology and health care stocks led the market lower early Monday. Apple gave up 1.5 per cent and Johnson & Johnson fell 1 per cent.

PG&E lost half its value after the troubled California utility, which faces huge liabilities over the state’s deadly wildfires, said it would file for bankruptcy protection.

Newspaper publisher Gannett soared 13 per cent after the publisher of USA Today got a takeover bid.

The S&P 500 fell 18 points, or 0.7 per cent, to 2,578.

The Dow Jones Industrial Average lost 146 points, or 0.6 per cent, to 23,850. The Nasdaq gave up 65 points, or 1 per cent, to 6,904.