published on April 9, 2019 - 1:52 PM
Written by Associated Press

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

4 p.m.
Stocks are closing lower on Wall Street, breaking an eight-day winning streak for the S&P 500 index.

Industrial companies and banks led the way lower Tuesday. Caterpillar fell 2.5% and Citigroup gave up 1.3%

Technology companies also lost ground. Nvidia, a chipmaker, fell 1.3%.

Traders were disappointed to see that the International Monetary Fund lowered its forecast for global growth this year. And a new threat of U.S. tariffs on European goods helped send markets lower in Europe.

The S&P 500 fell 17 points, or 0.6%, to 2,878.

The Dow Jones Industrial Average lost 190 points, or 0.7%, to 26,150. The Nasdaq fell 44 points, or 0.6%, to 7,909.

Bond prices rose. The yield on the benchmark 10-year Treasury fell to 2.50%.

11:45 a.m.
U.S. stocks are moving broadly lower in midday trading on Wall Street, putting the S&P 500 index on track to end an eight-day winning streak.

Banks and industrial companies lead the way lower Tuesday. Wells Fargo lost 1.4% and General Electric gave up 3.5%

Energy companies also fell as the price of crude oil turned lower. Exxon Mobil lost 1.2%.

Markets got some disappointing news on the global economy. The International Monetary Fund lowered its forecast for growth in the U.S., Europe and Japan.

The S&P 500 index fell 13 points, or 0.4%, to 2,882.

The Dow Jones Industrial Average lost 160 points, or 0.6%, to 26,180. The Nasdaq fell 15 points, or 0.2%, to 7,938.

Bond prices rose. The yield on the benchmark 10-year Treasury fell to 2.49%.

9:35 a.m.
Stocks are opening broadly lower on Wall Street as banks and industrial companies post losses.

Energy companies were also falling in early trading Tuesday as the price of crude oil turned lower.

United Rentals gave up 2.4% and JPMorgan Chase lost 1%.

Markets also got some disappointing news on the global economy. The International Monetary Fund lowered its forecast for economic growth in the U.S., Europe and Japan.

The S&P 500 index fell 12 points, or 0.4%, to 2,882.

The Dow Jones Industrial Average lost 170 points, or 0.7%, to 26,173. The Nasdaq fell 30 points, or 0.4%, to 7,923.

Bond prices rose. The yield on the benchmark 10-year Treasury fell to 2.49%.


e-Newsletter Signup

Our weekly poll

Do you agree with Gov. Newsom's decision to tighten lockdown restrictions?

Loading ... Loading ...

Central Valley Biz Blogs

Popup
shares

3/5

Article views

remaining

Sign up icon

To continue website access to

TheBusinessJournal.com

please create a FREE account OR login here.

1/5

Article views

remaining

SKIP THE POP-UPS
For only $59 for one 1-year you will receive the Print edition along with EVERYTHING The Business Journal has to offer digitally, PLUS you will have unlimited 24- hour a day access to view articles at

TheBusinessJournal.com

Use Promo Code

*New Subscribers Only

Digital and Print

XX Days Remaining

until you can view 5 more free articles

Sign up icon

Want access? Subscribe now & save $20 OFF.

Use Promo Code

WEBSUB20

* NEW SUBSCRIBERS ONLY