Markets Right Now: Stocks close flat
By Associated Press
Aug 4, 2016 3:15 PM CDT

NEW YORK (AP) — The latest on developments in global financial markets (all times local):

4:05 p.m.

Stocks are ending nearly flat on Wall Street as the market continues the small moves it's made in the last few weeks.

The Dow Jones industrial average dipped 3 points to 18,352. The Standard & Poor's 500 index was nearly unchanged at 2,164. The Nasdaq composite rose 7 points, or 0.1 percent, to 5,166.

Container makers were some of the day's biggest gainers, and metal packaging maker Ball Corp. rose 12 percent. Bank stocks fell.

Callaway Golf jumped nearly 4 percent after sporting goods giant Nike surprised Wall Street by saying it will stop making golf equipment like clubs, golf balls and bags.

U.S. crude oil rose 2.7 percent, and the bond yield on the 10-year Treasury slipped to 1.50 percent.

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11:50

Stocks are nearly flat on Wall Street in midday trading as the market extends its sideways trajectory of recent weeks.

Stocks in Europe gained after the Bank of England unveiled a series of stimulus measures. Utilities are leading the gainers while banks dropped the most.

Applications for unemployment aid rose to 269,000, a level close to historical lows and a positive sign for the job market. Mobile payments company Square climbed 13 percent after it reported strong second-quarter results and raised its projections for the year.

The Dow Jones industrial average is unchanged at 18,355. The Standard & Poor's 500 index is up 2 points, or 0.1 percent, to 2,166. The Nasdaq composite is up 6 points, or 0.1 percent, to 5,166.

Oil prices are rising and the bond yield on the 10-year Treasury slipped to 1.5 percent.

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9:45 a.m.

Stocks are opening flat on Wall Street following modest gains a day earlier.

The Bank of England unveiled a series of stimulus measures including its first interest rate cut since the global financial crisis, lifting stocks in Europe. Asian markets also gained.

Travel website TripAdvisor fell 8 percent on disappointing earnings. Payment processor Square jumped 16 percent after saying its profit rose strongly in the second quarter and lifted its full-year guidance.

The Dow Jones industrial average is up 15 points, or 0.1 percent, to 18375.

The Standard & Poor's 500 index is up 1 point, or 0.1 percent, to 2,165. The Nasdaq composite was unchanged at 5,159.

Oil prices are down slightly, and the bond yield on the 10-year Treasury slid to 1.5 percent.