NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):
4:00 p.m.
U.S. stocks are ending more or less where they started as a five-day rally runs out of steam.
Six of the 10 sectors in the Standard & Poor’s 500 index ended lower, led by retailers and other consumer-focused stocks.
Nike fell 1 per cent, the biggest drop in the Dow Jones industrial average.
Bond yields continued to rise Friday as investors felt more comfortable moving money out of low-risk assets.
The Dow Jones industrial average edged up 10 points, or 0.1 per cent, to 18,516.
The Standard & Poor’s 500 index slipped 2 points, or 0.1 per cent, to 2,161. The Nasdaq composite lost 4 points, or 0.1 per cent, to end at 5,029.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.59 per cent.
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9:35 a.m.
Stocks are opening modestly higher on Wall Street as the market extends a winning streak into a sixth day.
Bond yields continued to rise Friday as investors felt more comfortable moving money out of low-risk assets.
Health care and energy stocks led the advance. Johnson & Johnson rose 1 per cent and Chesapeake Energy rose 3 per cent.
The Dow Jones industrial average rose 31 points, or 0.2 per cent, to 18,539.
The Standard & Poor’s 500 index gained 2 points, or 0.1 per cent, to 2,166. The Nasdaq composite was flat at 5,035.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.57 per cent.
