Markets Right Now: Stocks open lower on Wall Street

FAN Editor

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

Continue Reading Below

9:35 a.m.

Stocks are opening slightly lower on Wall Street, a day after setting their latest record highs.

AT&T sank 3 percent in early trading Thursday after saying it was losing DirecTV subscribers. Cable TV operator Comcast also fell 2.3 percent.

Banks were broadly higher after JPMorgan Chase and Citigroup both reported higher earnings than analysts were expecting.

The Standard & Poor’s 500 index fell 4 points, or 0.2 percent, to 2,550.

Continue Reading Below

The Dow Jones industrial average lost 36 points, or 0.2 percent, 22,836. The Nasdaq composite fell 8 points, or 0.1 percent, to 6,595.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.33 percent.

Next Post

Mark Zuckerberg apologizes for VR tour of Puerto Rico

President Trump is on the road, selling his tax overhaul plan to the working and middle class. He said it will save American families $4,000 a year. Many of the details are missing, but Trump added there will be four tax brackets and more Americans will fall into the 0% bracket. Continue Reading […]

You May Like