The latest on developments in financial markets (all times local):
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4 p.m.
Stocks turned lower in the late afternoon after being higher for much of the day and ended with modest losses.
Industrial companies and retailers fell more than the rest of the market Tuesday. Boeing gave up 2.4 percent and Home Depot lost 1.5 percent.
Smaller companies slumped after setting records the last few days.
Automakers rose after China said it will reduce auto import duties in July. Fiat Chrysler rose 1.3 percent.
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The S&P 500 index fell 8 points, or 0.3 percent, to 2,724.
The Dow Jones industrial average fell 178 points, or 0.7 percent, to 24,834. The Nasdaq composite declined 15 points, or 0.2 percent, to 7,378.
Bond prices didn’t move much. The yield on the 10-year Treasury note held steady at 3.06 percent.
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11:45 a.m.
U.S. stocks are making modest gains as energy companies rise with oil prices and banks also move higher.
Automakers are also up Tuesday after China agreed to reduce auto import duties. Fiat Chrysler gained 1.7 percent.
Several industrial companies and retailers struggled. Boeing lost 1.1 percent and Home Depot fell 1.4 percent.
AutoZone fell 7.8 percent after reporting weak quarterly sales. J.C. Penney dropped 4.8 percent after its CEO left to become head of Lowe’s.
The S&P 500 index rose 3 points, or 0.1 percent, to 2,736.
The Dow Jones industrial average slipped 33 points, or 0.1 percent, to 24,979. The Nasdaq composite edged up 3 points, or 0.1 percent, to 7,397.
Bond prices fell. The yield on the 10-year Treasury rose to 3.08 percent.
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9:35 a.m.
Stocks are opening broadly higher on Wall Street as the U.S. and China make more progress on defusing their trade tensions.
Automakers rose early Tuesday after China lowered tariffs on autos. Fiat Chrysler gained 2.1 percent and General Motors rose 1.7 percent. Tata Motors of India rose 3.1 percent.
Lowe’s rose 2.7 percent after announcing that it was hiring the CEO of J.C. Penney, Marvin Ellison, to lead the company. J.C. Penney slumped 7.2 percent.
The S&P 500 index rose 8 points, or 0.3 percent, to 2,741.
The Dow Jones industrial average climbed 32 points, or 0.1 percent, to 25,045. The Nasdaq composite increased 33 points, or 0.5 percent, to 7,427.
Bond prices didn’t move much. The yield on the 10-year Treasury held steady at 3.06 percent.
