Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

Markets Right Now: Stocks open broadly lower on Wall Street

Markets Right Now: Stocks open broadly lower on Wall Street | iNFOnews.ca
FILE- This Jan. 9, 2017, file photo shows, the opening bell at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Friday, May 4. (AP Photo/Mark Lennihan, File)

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

9:35 a.m.

Stocks are opening moderately lower across the board, putting the market on track for its fourth loss this week.

Banks and health care companies led the declines in early trading Friday. JPMorgan Chase lost 1 per cent and drugmaker Merck gave up 0.9 per cent.

Engineering and construction company Fluor slumped 21 per cent after reporting a surprise loss in the first quarter and slashing its forecast for the year.

The S&P 500 index fell 6 points, or 0.2 per cent, to 2,623.

The Dow Jones industrial average lost 57 points to 23,872. The Nasdaq composite fell 4 points, or 0.1 per cent, to 7,083.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.93 per cent.

News from © iNFOnews.ca, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

Abbey Westbury

Related Articles