Markets Right Now: Oil price slump pulls energy stocks lower
By Associated Press
Feb 6, 2017 3:07 PM CST

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

4:00 p.m.

Energy companies led U.S. stock indexes broadly lower as the price of crude oil declined.

Marathon Oil slumped 4.1 percent Monday.

Phone company and real estate stocks were also lower.

Newell Brands, which makes Rubbermaid and Sharpie products, fell 5.7 percent after reporting revenue that fell short of analysts' estimates.

Hasbro soared 14.1 percent after its results came in way ahead of forecasts.

The Standard & Poor's 500 index fell 4 points, or 0.2 percent, to 2,292.

The Dow Jones industrial average lost 19 points, or 0.1 percent, to 20,052. The Nasdaq fell 3 points, or 0.1 percent, to 5,663.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.42 percent.

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11:45 a.m.

Energy companies led U.S. stock indexes mostly lower in midday trading as the price of crude oil declined.

NRG Energy slumped 3 percent Monday.

Phone company and materials stocks were also among the big decliners.

Newell Brands, which makes Rubbermaid and Sharpie products, fell 5 percent after reporting revenue that fell short of analysts' estimates.

Hasbro soared 15 percent after its results came in way ahead of forecasts.

The Standard & Poor's 500 index fell 4 points, or 0.2 percent, to 2,292.

The Dow Jones industrial average lost 13 points, or 0.1 percent, to 20,058. The Nasdaq fell 3 points, or 0.1 percent, to 5,663.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.43 percent.

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9:35 a.m.

Stocks are edging lower in early trading on Wall Street, led by declines in banks and materials companies.

Banks and other financial companies were down Monday as bond yields fell, which forces interest rates lower on loans. Zions Bancorporation dropped 1.3 percent.

In earnings news, Newell Brands, which makes Rubbermaid and Sharpie products, fell 4 percent after reporting revenue that fell short of analysts' estimates.

Hasbro soared 15 percent after its results came in way ahead of forecasts.

The Standard & Poor's 500 index fell 4 points, or 0.2 percent, to 2,292.

The Dow Jones industrial average lost 25 points, or 0.1 percent, to 20,046. The Nasdaq fell 13 points, or 0.2 percent, to 5,653.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.43 percent.