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07/20/17 03:15:00 PM
MARKET SNAPSHOT

S&P Market Commentary

... NEW YORK (AP) The latest on developments in financial markets (All times local): 11:45 a.m. U.S. stocks are wavering between small gains and losses in midday trading, a day after closing at record highs. Health care companies are gaining Thursday, but industrial companies are lower. Sears jumped 15 percent after reaching a deal to sell appliances on Amazon.com. Investors are focused on second-quarter results from large companies like American Express and Philip Morris. They're also relieved that the European Central Bank didn't announce any policy changes. The Standard & Poor's 500 index slipped less than 1 point to 2,473. The Dow Jones industrial average lost 46 points, or 0.2 percent, to 21,594. The Nasdaq composite edged up 1 point to 6,386. Bond prices rose. The yield on the 10-year Treasury note fell to 2.24 percent. 9:35 a.m. Major U.S. stock indexes are inching further into record territory early Thursday, led by more gains in health care and technology companies. It was a busy morning for company earnings reports Thursday. United Rentals rose 4 percent after reporting results that came in ahead of analysts' forecasts. Several companies were up after being included in the Standard & Poor's 500 index. MGM Resorts rose 2.4 percent. Investors were also relieved that the European Central Bank didn't announce any policy changes. The S&P 500 index was up 2 points, or 0.1 percent, to 2,475. The Dow Jones industrial average was up 2 points, less than 0.1 percent, to 21,641. The Nasdaq composite gained 6 points, or 0.1 percent, to 6,391.



 

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