fbpx
published on May 8, 2018 - 1:20 PM
Written by Associated Press

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

4 p.m.
Stocks are ending little changed and oil prices fell after President Donald Trump said the U.S. was withdrawing from a landmark nuclear deal with Iran and would reimpose sanctions on the country.

The price of oil ended 2.4 percent lower Tuesday, paring some of its earlier losses.

Gains in banks and industrial companies were offset by losses in health care and consumer goods stocks.

Comcast fell 5.6 percent after Reuters reported the company wants to make a new offer for the entertainment businesses that Twenty-First Century Fox agreed to sell to Disney.

The S&P 500 fell a fraction to 2,671.

The Dow Jones industrials edged up 2 points to 24,360.

The Nasdaq rose 1 point to 7,266.

Bond prices fell. The yield on the 10-year Treasury rose to 2.97 percent.

11:45 a.m.
Stocks are lower at midday and the price of crude oil is falling ahead of a White House announcement on the Iran nuclear deal.

Oil fell 2.7 percent Tuesday after CNN reported the U.S. would pull out of the Iran deal and allow sanctions to go forward, but that they could take months to go into effect.

Comcast fell 4.6 percent after Reuters reported that the company wants to make a new offer for the entertainment businesses Twenty-First Century Fox agreed to sell to Disney.

The S&P 500 fell 5 points, or 0.2 percent, to 2,667.

The Dow Jones industrials fell 51 points, or 0.2 percent, to 24,304. The Nasdaq fell 20 points, or 0.3 percent, to 7,245.

The yield on the 10-year Treasury rose to 2.98 percent.

9:35 a.m.
Stocks are opening slightly lower on Wall Street as the market gives back some of the gains it made the day before.

Comcast fell 2.2 percent early Tuesday after Reuters reported that the company wants to make a new, all-cash offer for the international and entertainment businesses that Twenty-First Century Fox agreed to sell to Disney.

Citigroup rose 1.8 percent after the Wall Street Journal reported that ValueAct Capital Partners built a $1.2 billion stake in the ban.

The S&P 500 index fell 7 points, or 0.3 percent, to 2,665.

The Dow Jones industrial average fell 51 points, or 0.2 percent, to 24,304. The Nasdaq composite fell 20 points, or 0.3 percent, to 7,245.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.97 percent.


e-Newsletter Signup

Our weekly poll

Fresno residents: Will you take up Firestone Walker's offer of a free brewery tour through September?

Loading ... Loading ...

Central Valley Biz Blogs

shares