Markets Right Now: Tech stocks lead indexes broadly lower

Markets Associated Press

The latest on developments in financial markets (All times local):

Continue Reading Below

4 p.m.

Technology stocks led U.S. indexes broadly lower on Wall Street, outweighing gains for energy producers and other companies.

Facebook and chipmaker Nvidia each lost 4.5 percent Monday.

Retailers were also lower. Amazon lost 1.6 percent.

Energy companies rose along with the price of crude oil. Marathon Oil gained 3.1 percent.

Continue Reading Below

The Standard & Poor's 500 fell 5 points, or 0.2 percent, to 2,496.

The Dow Jones industrial average lost 53 points, or 0.2 percent, to 22,295. The Nasdaq composite declined 56 points, or 0.9 percent, to 6,370.

Small-company stocks held up better than the rest of the market. The Russell 2000 index edged up 1 point to 1,451, another record high.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.22 percent.

___

11:45 a.m.

Technology companies are leading stocks lower in midday trading on Wall Street, outweighing gains for energy produces.

Facebook lost 3.8 percent Monday, and chipmaker Nvidia fell 3.7 percent.

Materials companies and retailers were also lower. International Paper fell 0.7 percent and Amazon lost 1.5 percent.

Energy companies rose along with the price of crude oil. Marathon Oil gained 2.6 percent.

The Standard & Poor's 500 fell 10 points, or 0.4 percent, to 2,491.

The Dow Jones industrial average fell 82 points, or 0.4 percent, to 22,266. The Nasdaq composite fell 66 points, or 1 percent, to 6,360.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.22 percent.

___

9:35 a.m.

Stocks are opening modestly lower on Wall Street, led by declines in technology companies.

Apple fell 1.3 percent in early trading Monday following a report that it was telling parts suppliers to slow down delivery of iPhone X components.

Materials companies and retailers were also lower. International Paper fell 1.1 percent and Amazon lost 1.5 percent.

The Standard & Poor's 500 fell 3 points, or 0.1 percent, to 2,499.

The Dow Jones industrial average fell 10 points, less than 0.1 percent, to 22,341. The Nasdaq lost 36 points, or 0.6 percent, to 6,391.