published on June 27, 2018 - 1:39 PM
Written by Associated Press

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

4:00 p.m.
U.S. stocks are closing lower on Wall Street Wednesday as a slump in technology stocks helped drag U.S. indexes to modest losses in the afternoon.

The Dow Jones industrials fell 165 points or 0.7 percent to 24,117 and the S&P 500 slid 23 points or 0.9 percent to 2,699. The Nasdaq composite lost 116 points to 7,445, its lowest close since May 31.

Stocks rose early but the gains disappeared in the afternoon after Larry Kudlow, director of the National Economic Council, said in an interview that the Trump administration wasn’t softening its stance on imposing limits on Chinese investments.

Crude oil jumped to $72.76, hitting its highest point since 2014. Concho Resources rose 4.6 percent.

The yield on the 10-year Treasury fell to 2.82 percent.

Gold and silver prices fell.

12:00 p.m.
U.S. stocks are trading higher on Wall Street Wednesday after fears about an economy-rattling trade war stepped down a notch.

The Dow Jones industrials rose 153 points or 0.6 percent to 24,437 and the S&P 500 rose 12 points or 0.4 percent to 2,735. The Nasdaq composite gained 8 points to 7,569.

Gains were led by the energy sector. U.S. crude oil prices rose more than 3 percent. Concho Resources jumped 4.6 percent and Hess Corp. gained 3.5 percent.

Tech, raw materials and industrial companies gained on the ease in trade tensions.

Conagra fell sank 7.3 percent after agreeing to buy Pinnacle Foods, owner of the Duncan Hines and Hungry-Man brands.

The yield on the 10-year Treasury fell to 2.84 percent. Gold and silver prices fell.

9:35 a.m.
U.S. stocks are opening higher on Wall Street Wednesday after President Donald Trump shifted away from a previously announced plan to impose limits on Chinese investment in American technology companies.

The Dow Jones industrials rose 57 points or 0.2 percent to 24,338 and the S&P 500 rose 6 points or 0.2 percent to 2,729. The Nasdaq composite gained 18 points to 7,579.

Gains were led by the energy sector. U.S. crude oil prices rose more than 1 percent. Concho Resources jumped 3.5 percent and Halliburton rose 3.1 percent.

Tech, raw materials and industrial companies also saw gains.

Conagra fell 3.8 percent after agreeing to buy Pinnacle Foods, owner of the Duncan Hines and Hungry-Man brands.

The yield on the 10-year Treasury fell to 2.85 percent. Gold and silver prices fell.


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