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published on September 27, 2019 - 1:14 PM
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(AP) — The latest on developments in financial markets (all times local):

4 p.m.
Technology companies led a broad slide in stocks on Wall Street as investors worry about the potential for another escalation in the trade war between the U.S. and China.

Friday’s selling, which reversed an early gain, followed a report by Bloomberg saying that the Trump administration is considering ways to limit U.S. investments in China.

Technology companies, which have much to lose if the trade war worsens, led the way lower.

Micron Technology, which also issued a weak profit forecast, citing the trade conflict, plunged 11.1%.

Facebook fell another 1.7%, capping its worst week of the year.

The S&P 500 fell 15 points, or 0.5%, to 2,961.

The Dow Jones Industrial Average lost 70 points, or 0.3% to 26,820. The Nasdaq fell 91 points, or 1.1%, to 7,939.

11:50 a.m.
U.S. stocks edged lower in midday trading Friday as broad gains for banks were offset by sharp drops in technology companies.

A weak profit forecast and a sales warning brought on by the U.S.-China trade war sent chipmaker Micron Technology plunging, leading losses among the broader technology sector.

Communications stocks also fell. Facebook lost 1.2%

The S&P 500 fell 5 points, or 0.2%, to 2,871.

The Dow Jones Industrial Average gained 8 points or less than 0.1% to 26,901. The Nasdaq fell 36 points, or 0.5%, to 7,994.

Bond prices fell. The yield on the 10-year Treasury rose to 1.70%.

9:35 a.m.
Stocks are opening broadly higher on Wall Street, but not enough to get the benchmark S&P 500 out of the red for the week.

Banks and industrial companies had some of the biggest gains in early trading Friday.

Wells Fargo jumped 3.9% after the troubled bank named its third CEO in as many years.

Vail Resorts soared 6.7% after reporting quarterly results that were better than analysts expected, and Las Vegas Sands rose 5.6% following news that the stock would be added to the S&P 500 index.

The S&P 500 rose 6 points, or 0.2%, to 2,983.

The Dow Jones Industrial Average rose 65 points, or 0.2%, to 26,957. The Nasdaq rose 5 points, or 0.1%, to 8,036.

Bond prices fell. The yield on the 10-year Treasury rose to 1.70%.


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