Markets Right Now: Technology stocks lead US indexes lower

IndustriesAssociated Press

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

4 p.m.

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Stocks are ending broadly lower on Wall Street, led by declines in technology companies.

Apple slid 2 percent Monday as investors continued to worry that its new iPhone hasn't been that big of a hit with customers.

Industrials companies also posted big losses. Energy stocks declined as crude oil prices headed lower.

Dr. Pepper Snapple soared 22 percent after agreeing to be acquired by Keurig.

The Standard & Poor's 500 index fell 19 points, or 0.7 percent, to 2,853.

The Dow Jones industrial average slid 177 points, or 0.7 percent, to 26,439. The Nasdaq composite lost 39 points, or 0.5 percent, to 7,466.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.69 percent.

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11:45 a.m.

Stocks are broadly lower in midday trading on Wall Street, led by declines in technology companies.

Apple slid 1.4 percent Monday as investors continued to worry that its new iPhone hasn't been that big of a hit with customers.

Industrials companies also posted big losses. Caterpillar gave up 2 percent.

Energy stocks declined as crude oil prices headed lower. Chesapeake Energy fell 2.9 percent.

Dr. Pepper Snapple soared 24 percent after agreeing to be acquired by Keurig.

The Standard & Poor's 500 index fell 8 points, or 0.3 percent, to 2,864.

The Dow Jones industrial average slid 64 points, or 0.2 percent, to 26,551. The Nasdaq composite lost 18 points, or 0.3 percent, to 7,486.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.72 percent.

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9:35 a.m.

The major U.S. stock indexes are down slightly in early trading Monday, as losses in technology companies outweighed gains elsewhere.

Dr. Pepper Snapple Group jumped 29 percent in the first few minutes of trading after it agreed to be acquired by Keurig in a deal that would create a beverage giant with about $11 billion in annual sales.

The Commerce Department said that consumer spending rose 0.4 percent in December, a solid pace but slower than the big increase in November.

The Standard & Poor's 500 index fell 7 points, or 0.3 percent, to 2,865.

The Dow Jones industrial average slid 34 points, or 0.1 percent, to 26,582. The Nasdaq composite lost 27 points, or 0.4 percent, to 7,478.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.69 percent.