Stock indexes posted moderate declines in midday trading on Wall Street on Friday, though they remain close to record highs.
Energy stocks fell more than the rest of the market as the price of crude oil moved lower.
Bank stocks also fell as bond yields eased. Lower yields mean lower rates on loans and smaller profits for banks. Regions Financial fell 1.7%.
Several companies were falling after posting weak results. Campbell Soup lost 5%, and J.M. Smucker slid 4.3%.
The Standard & Poor’s 500 index slipped 5 points, or 0.2%, to 2,342.
The Dow Jones industrial average dropped 60 points, or 0.3%, to 20,560. The Nasdaq composite was little changed at 5,815.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.42%.
At a press conference, President Trump shrugged off a rocky start. An executive order has been drafted to end protection for ‘Dreamers,’ who were brought to the U.S. illegally as children. New York real estate scion Robert Durst confessed to killing a writer, a witness said in court. The Governors Ball after the Oscars will be decked out for the stars.
At a press conference, President Trump shrugged off a rocky start. An executive order has been drafted to end protection for ‘Dreamers,’ who were brought to the U.S. illegally as children. New York real estate scion Robert Durst confessed to killing a writer, a witness said in court. The Governors Ball after the Oscars will be decked out for the stars.
At a press conference, President Trump shrugged off a rocky start. An executive order has been drafted to end protection for ‘Dreamers,’ who were brought to the U.S. illegally as children. New York real estate scion Robert Durst confessed to killing a writer, a witness said in court. The Governors Ball after the Oscars will be decked out for the stars.
At a press conference, President Trump shrugged off a rocky start. An executive order has been drafted to end protection for ‘Dreamers,’ who were brought to the U.S. illegally as children. New York real estate scion Robert Durst confessed to killing a writer, a witness said in court. The Governors Ball after the Oscars will be decked out for the stars.
Nickel Diner owners, Kristen Trattner and Monica May, closed their restaurant in downtown Los Angeles for the day in solidarity with a national "Day Without Immigrants." (Mark Boster / Los Angeles Times )
Nickel Diner owners, Kristen Trattner and Monica May, closed their restaurant in downtown Los Angeles for the day in solidarity with a national “Day Without Immigrants.” (Mark Boster / Los Angeles Times )
Kenneth Turan and Justin Chang chat about the 2017 Academy Awards, and which movie might win for best Picture.
Kenneth Turan and Justin Chang chat about the 2017 Academy Awards, and which movie might win for best Picture.
President Trump met with Israeli Prime Minister Benjamin Netanyahu. A powerful new storm is expected to wallop Southern California on Friday. L.A. Mayor Eric Garcetti says backers of Measure S are engaged in "dirty tricks." 16-year-old Mauricio Gomez is from El Salvador, a country with one of the highest murder rates in the world.
President Trump met with Israeli Prime Minister Benjamin Netanyahu. A powerful new storm is expected to wallop Southern California on Friday. L.A. Mayor Eric Garcetti says backers of Measure S are engaged in “dirty tricks.” 16-year-old Mauricio Gomez is from El Salvador, a country with one of the highest murder rates in the world.
Harvard-Westlake wins 1A opener
Harvard-Westlake wins 1A opener
UPDATES:
9:05 a.m.: This article was updated with more recent market information.
This article was originally published at 7 a.m.
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