Markets Right Now: Stocks erase most of an early loss
By Associated Press
Oct 6, 2016 3:09 PM CDT

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

4:00 p.m.

Stocks are ending mostly lower after clawing back much of an early loss.

Health care and phone companies took losses Thursday, while makers of basic materials and some technology companies posted gains.

Mylan slumped 3 percent following reports that the company overcharged Medicaid over five years for its EpiPen allergy treatment.

Twitter plunged 20 percent following reports that some companies believed to be suitors were not interested in the company.

The Dow Jones industrial average fell 12 points, or 0.1 percent, to 18,268.

The Standard & Poor's 500 index inched up a point to 2,160. The Nasdaq composite declined 9 points, or 0.2 percent, to 5,306.

More stocks fell than rose on the New York Stock Exchange.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.74 percent.

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11:45 a.m.

Stocks are clawing back some of their early losses and are mixed in midday trading on Wall Street.

Mylan slumped 2.6 percent Thursday following reports that the company overcharged Medicaid over five years for its EpiPen allergy treatment.

Twitter plunged 18 percent following reports that some companies believed to be suitors were not interested in the company.

The Dow Jones industrial average was down 20 points, or 0.1 percent, to 18,260.

The Standard & Poor's 500 index was up a fraction at 2,160. The Nasdaq composite declined 6 points, or 0.1 percent, to 5,310.

Bond prices were little changed. The yield on the 10-year Treasury note held steady at 1.71 percent.

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9:35 a.m.

Health care and real estate stocks are leading an early decline on Wall Street as the market gives back some of a gain from the day before.

Mylan slumped 2.6 percent in early trading Thursday following reports that the company overcharged Medicaid over five years for its EpiPen allergy treatment.

Twitter plunged 16 percent following reports that some companies believed to be suitors for the company were not interested.

The Dow Jones industrial average fell 92 points, or 0.5 percent, to 18,187.

The Standard & Poor's 500 index lost 6 points, or 0.3 percent, to 2,152. The Nasdaq composite declined 21 points, or 0.4 percent, to 5,294.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.74 percent.