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published on November 27, 2018 - 1:25 PM
Written by Associated Press

(AP) – The latest on developments in financial markets (all times local):
4 p.m.

Major indexes ended mostly higher on Wall Street after wobbling between gains and losses throughout the day.

Health care and consumer products companies did better than the rest of the market Tuesday. Johnson & Johnson rose 1.3 percent and Coca-Cola climbed 1 percent.

Stocks that are more sensitive to the economic cycle, like industrial companies and makers of basic materials, lagged behind.

United Technologies slumped 4.1 percent after saying it won’t buy back stock as it splits into three companies.

The S&P 500 rose 8 points, or 0.3 percent, to 2,682.

The Dow Jones Industrial Average added 108 points, or 0.4 percent, to 24,748. The Nasdaq rose less than 1 point to 7,082.

Small-company stocks fell.

Bond prices rose. The yield on the 10-year Treasury fell to 3.05 percent.

11:45 a.m.
Major U.S. stock indexes are mostly lower in midday trading after a strong gain the day before.

A steep loss for United Technologies Tuesday is taking industrial and defense companies lower.

United Technologies gave up 6.2 percent after saying it won’t buy back any stock as it splits into three companies.

Steelmakers and other materials companies are falling while technology and internet companies edge higher.

The S&P 500 index fell 4 points, or 0.1 percent, to 2,669.

The Dow Jones Industrial Average lost 82 points, or 0.3 percent, to 24,558.

The Nasdaq composite fell 9 points, or 0.1 percent, to 7,072.

Bond prices rose. The yield on the 10-year Treasury note fell to 3.06 percent.

9:35 a.m.
Stocks are opening modestly lower on Wall Street following a big gain the day before.

Technology and health care stocks were among the biggest losers in early trading on Tuesday. Apple fell 1 percent and drug maker Bristol-Myers Squibb sank 4.3 percent.

United Technologies gave up 4 percent after announcing a plan to split itself into three companies.

The S&P 500 index fell 11 points, or 0.4 percent, to 2,660.

The Dow Jones Industrial Average lost 178 points, or 0.7 percent, to 24,467.

The Nasdaq composite fell 47 points, or 0.7 percent, to 7,035.

Bond prices rose. The yield on the 10-year Treasury note fell to 3.06 percent.


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