Markets Right Now: Stocks indexes are mixed in midday trade

FAN Editor

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

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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.

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