Markets Right Now: Stocks slip after a record-breaking drive
By Associated Press
Nov 28, 2016 3:09 PM CST

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

4:00 p.m.

Major U.S. stock indexes close slightly lower on Wall Street, pulling back from the records they set last week.

Banks and energy companies fell more than the rest of the market Monday. Bank of America fell 2.7 percent and Pioneer Natural Resources lost 4.9 percent.

Small-company stocks, which have surged over the past month, gave back some of their recent gains.

The Dow Jones industrial average fell 54 points, or 0.3 percent, to 19,097. The Standard & Poor's 500 index lost 11 points, or 0.5 percent, to 2,201. The Nasdaq composite went down 30 points, or 0.6 percent, to 5,368.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.31 percent.

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11:45 a.m.

Stocks are slightly lower on Wall Street as the market pulls back from a record-setting drive last week.

Banks and health care companies were taking some of the largest losses in midday trading.

UnitedHealth Group fell 1.8 percent, the biggest loss in the Dow Jones industrial average

Consumer-focused stocks also fell. Toy makers Mattel and Hasbro each fell about 3 percent.

The Dow fell 65 points, or 0.3 percent, to 19,086. The Standard & Poor's 500 index lost 8 points, or 0.4 percent, to 2,204. The Nasdaq composite went down 18 points, or 0.3 percent, to 5,380.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.32 percent.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street as a record-setting drive for the market loses steam.

Banks and consumer-focused stocks fell the most in early trading Monday. Toy maker Hasbro fell 2 percent.

The Dow Jones industrial average fell 37 points, or 0.2 percent, to 19,115. The Standard & Poor's 500 index lost 3 points, or 0.2 percent, to 2,209. The Nasdaq composite went down 12 points, or 0.2 percent, to 5,386.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.34 percent.