Markets Right Now: Stocks end mostly higher

By The Associated Press

NEW YORK, N.Y. – The latest on developments in financial markets (All times local):

4 p.m.

Stocks struggled to a mostly higher finish on Wall Street as gains for energy, phone and industrial companies made up for losses elsewhere.

The Dow Jones industrial average was held back by a loss in Apple. Other indexes closed higher.

Hess and Verizon each rose 2 per cent.

Some health insurers turned higher as support dwindled for the Senate Republicans’ latest effort to roll back the Affordable Care Act. Molina Healthcare jumped 4.5 per cent.

The Standard & Poor’s 500 rose 1 point, or 0.1 per cent, to 2,502.

The Dow fell 9 points, less than 0.1 per cent, to 22,349. The Nasdaq rose 4 points, or 0.1 per cent, to 6,426.

Small-company stocks did better than the rest of the market. The Russell 2000 rose 6 points, or 0.5 per cent, to 1,450, a record.

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11:45 a.m.

Stock indexes are slightly lower in midday trading on Wall Street as the market heads for its second decline in a row.

Health care and technology stocks pulled the market lower Friday. UnitedHealth, a major insurer, dropped 2.2 per cent and Apple gave up 1.7 per cent.

Banks also fell. Bank of America lost 1.2 per cent.

Sprint jumped 4.6 per cent after Reuters reported it was getting close to signing a deal with T-Mobile.

The Standard & Poor’s 500 slipped 2 points, or 0.1 per cent, to 2,498.

The Dow Jones industrials fell 13 points, or 0.1 per cent, to 22,343. The Nasdaq lost 7 points, or 0.1 per cent, to 6,415.

Small-company stocks did better than the rest of the market. The Russell 2000 index rose 4 points, or 0.3 per cent, to 1,448.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street as technology companies and banks decline.

Apple fell another 1 per cent early Friday as investors give a tepid reception to its new lineup of iPhones.

Financial stocks are down as bond yields decline. Bank of America lost 1.2 per cent.

Sprint jumped 4 per cent after Reuters reported it was getting close to signing a deal with T-Mobile.

The Standard & Poor’s 500 slipped 2 points, or 0.1 per cent, to 2,498.

The Dow Jones industrials fell 13 points, or 0.1 per cent, to 22,343. The Nasdaq lost 7 points, or 0.1 per cent, to 6,415.

Bond prices rose as tensions with North Korea escalated. The yield on the 10-year Treasury fell to 2.25 per cent.

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