Markets Right Now: US indexes end choppy day slightly lower

MarketsAssociated Press

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

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4 p.m.

Stock indexes ended a choppy day of trading slightly lower as the market struggled to find direction a day after another steep drop.

Declines in technology stocks and retailers weighed on the market Wednesday, offsetting gains in health care and other sectors.

Intel slumped 3.1 percent, and Amazon dropped 4.4 percent after Axios reported that President Donald Trump has wondered if there was a way to "go after" the company with antitrust or competition law.

Lululemon Athletica rose sharply after reporting strong earnings.

Tesla plunged 7.7 percent after Moody's downgraded its credit rating.

The S&P 500 fell 7 points, or 0.3 percent, to 2,605.

The Dow Jones industrial average slipped 9 points to 23,848. The Nasdaq slid 59 points, or 0.8 percent, to 6,949.

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11:45 a.m.

Stocks are wavering between small gains and losses in midday trading.

Health care and consumer goods companies are leading the gainers Wednesday, while retailers and technology stocks account for some of the biggest decliners.

AbbVie rose 3.8 percent and Philip Morris International gained 2.4 percent. Amazon slumped 5.2 percent and Netflix lost 4.2 percent.

Facebook, which has been pummeled in recent days over privacy concerns, edged up 0.8 percent.

The S&P 500 fell 2 points, or 0.1 percent, to 2,610.

The Dow Jones industrial average rose 18 points, or 0.1 percent, to 23,876. The Nasdaq composite slid 45 points, or 0.7 percent, to 6,962.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.75 percent.

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9:35 a.m.

Stocks are opening mostly lower on Wall Street as losses in technology companies and retailers offset gains elsewhere in the market.

Apple fell 1.3 percent and chipmaker Intel lost 2.4 percent early Wednesday. Amazon slumped 4.1 percent.

Bank of America and Merck each rose 1 percent. Facebook, which has been pummeled in recent days over privacy concerns, edged up 0.3 percent.

The S&P 500 index fell 8 points, or 0.3 percent, to 2,604.

The Dow Jones industrial average gave up 22 points, or 0.1 percent, to 23,830. The Nasdaq composite lost 74 points, or 1 percent, to 6,935.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.75 percent.