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

4:00 p.m.

Stocks ended mostly lower on Wall Street, giving up a modest gain from earlier in the day after Fed Chair Janet Yellen gave an upbeat assessment of the economy.

Yellen, speaking at a conference in Wyoming on Friday, said the case for raising interest rates has strengthened given improvements in the economy.

Phone companies and utilities, which would suffer if interest rates rose and investors looked elsewhere for income, fell more than the rest of the market.

The Dow Jones industrial average fell 53 points, or 0.3 percent, to 18,395.

The Standard & Poor's 500 index slipped 3 points, or 0.2 percent, to 2,169. The Nasdaq edged up 6 points, or 0.1 percent, to 5,218.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.62 percent.

___

11:55 a.m.

Stocks were mostly lower on Wall Street at midday, giving up a modest gain following a generally upbeat assessment of the economy from Fed Chair Janet Yellen.

Yellen, speaking at a conference of monetary officials in Jackson Hole, Wyoming on Friday, said the case for raising interest rates has strengthened given improvements in the economy.

Phone companies led the list of declining stocks, while the health care and technology sectors rose.

AT&T and Verizon each fell 1 percent.

The Dow Jones industrial average fell 47 points, or 0.2 percent, to 18,404.

The Standard & Poor's 500 index slipped 2 points, or 0.1 percent, to 2,169. The Nasdaq composite dipped 2 points, or 0.1 percent, to 5,210.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.58 percent.

___

9:35 a.m.

Stocks are opening higher on Wall Street following two days of declines.

A handful of stocks were moving higher early Friday after reporting results that were better than analysts had expected.

Autodesk managed a small profit, beating expectations of a loss, and Pure Storage's loss was far smaller than forecasts.

Materials companies, which have taken heavy losses this week, turned higher. Freeport McMoRan, a copper miner, rose 1.2 percent.

The Dow Jones industrial average rose 48 points, or 0.3 percent, to 18,498.

The Standard & Poor's 500 index added 5 points, or 0.3 percent, to 2,178. The Nasdaq composite climbed 11 points, or 0.2 percent, to 5,224.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.56 percent.