Markets Right Now: US stocks head lower than oil plunges
NEW YORK – The latest on developments in financial markets (all times local):
____
12 pm
Stocks are headed lower on Wall Street at noon Friday as energy stocks fall along with the price of oil.
Trading volume is light with the markets open for only a half day after the Thanksgiving holiday.
US oil is down 6.8 percent to $ 50.91 per barrel on renewed concerns that a slowing global economy could hurt demand. Among energy stocks, Marathon oil is sinking 4.1[ads1] percent.
Technology stocks are also weighing on the market. Apple is down 2.2 percent.
The S & P 500 index fell 9 points, or 0.3 percent, to 2.640.
The Dow Jones Industrial Average dropped 97 points, or 0.4 percent, to 24.367. The Nasdaq composite fell 9 points, or 0.1 percent, to 6,962.
Bond prices fell. The yield on the 10-year Treasury note rose to 3.05 percent.
___
9:35 am
Stocks are opening lower on Wall Street as energy stocks fall along with the price of oil.
Trading volume could be light with the markets open for only a half day after the Thanksgiving holiday.
US oil is down 5.7 percent to $ 51.52 per barrel on renewed concerns that a slowing global economy could hurt demand. Among energy stocks, Marathon oil is sinking 3.3 percent while Halliburton is sliding 2.8 percent.
Retailers are seeing small gains as shoppers look for deals on Black Friday.
The S & P 500 index fell 15 points, or 0.6 percent, to 2,634.
The Dow Jones Industrial Average dropped 143 points, or 0.6 percent, to 24,320. The Nasdaq composite fell 21 points, or 0.3 percent, to 6.951.
Bond prices rose. The yield on the 10-year Treasury note fell to 3.03 percent.
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
