Markets Right Now: Technology stocks lead US indexes lower
By The Associated Press, Associated Press
Jun 15, 2017 3:08 PM CDT

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

4:00 p.m.

Stocks are ending modestly lower on Wall Street, dragged down by declines in technology and materials companies.

Apple and Microsoft each fell about 0.5 percent Thursday. The technology sector is still far outpacing the rest of the market this year.

Retailers also did poorly. Supermarket chain Kroger plunged 19 percent after reporting weak sales and cutting its profit forecast.

The Standard & Poor's 500 index fell 5 points, or 0.2 percent, to 2,432.

The Dow Jones industrial average gave up 14 points, or 0.1 percent, to 21,359. The Nasdaq composite, which is heavily weighted with technology companies, gave up 29 points, or 0.5 percent, to 6,165.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.16 percent.

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11:45 a.m.

Another drop in technology stocks is dragging U.S. indexes lower in midday trading on Wall Street.

Apple and Facebook each fell 1.4 percent Thursday. Netflix sank 1.9 percent. The technology sector is still far outpacing the rest of the market this year.

Retailers were also doing poorly. Supermarket chain Kroger plunged 18 percent after reporting weak sales and cutting its profit forecast.

The Standard & Poor's 500 index fell 10 points, or 0.4 percent, to 2,427.

The Dow Jones industrial average gave up 30 points, or 0.1 percent, to 21,345. The Nasdaq composite, which is heavily weighted with technology companies, gave up 57 points, or 0.9 percent, to 6,137.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.16 percent.

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9:35 a.m.

Another drop in technology stocks is dragging U.S. indexes lower in early trading on Wall Street.

Apple and Microsoft were each down about 1 percent in the first few minutes of trading Thursday. Netflix and Facebook each fell 1.6 percent.

Retailers were also doing poorly. Supermarket chain Kroger plunged 13 percent after reporting weak sales and cutting its profit forecast.

The Standard & Poor's 500 index fell 13 points, or 0.5 percent, to 2,425.

The Dow Jones industrial average gave up 48 points, or 0.2 percent, to 21,325. The Nasdaq composite, which is heavily weighted with technology companies, gave up 54 points, or 0.9 percent, to 6,140.