NEW YORK (AP) — The latest on developments in financial markets (all times local):
11:45 a.m.
Stocks turned lower in midday trading, erasing a modest early rally and extending the market's losses from a day earlier.
Technology stocks and banks were taking some of the heaviest losses Wednesday, outweighing gains in industrial companies and other sectors.
Apple fell 1.8 percent and Morgan Stanley lost 1.1 percent.
Energy stocks gave up an early gain even as crude oil prices, which have fallen sharply in recent weeks on concerns of rising supplies, headed higher.
The S&P 500 index fell 11 points, or 0.4 percent to 2,711.
The Dow Jones Industrial Average lost 94 points, or 0.4 percent, to 25,185. The Nasdaq composite fell 55 points, or 0.8 percent, to 7,256.
Bond prices rose. The yield on the 10-year Treasury note fell to 3.13 percent.
___
9:35 a.m.
Stocks are opening broadly higher on Wall Street as the market recoups some of its losses from a day earlier.
Technology companies, retailers and banks accounted for much of the gain Wednesday.
Chipmaker Nvidia climbed 2.7 percent. Charles Schwab rose 1.7 percent.
Macy's gained 2.2 percent after the department store chain reported strong quarterly results.
The S&P 500 index rose 18 points, or 0.7 percent to 2,740.
The Dow Jones Industrial Average gained 142 points, or 0.6 percent, to 25,429. The Nasdaq composite added 55 points, or 0.8 percent, to 7,256.
Bond prices fell. The yield on the 10-year Treasury note rose to 3.15 percent from 3.14 percent late Tuesday.
Before you consider Charles Schwab, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Charles Schwab wasn't on the list.
While Charles Schwab currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report