NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):
11:45 a.m.
Stocks are mostly lower in midday trading as a slide in consumer staples stocks outweighs a gain in technology companies.
Coca-Cola dropped almost 4 per cent Wednesday after cutting its sales outlook for the year, citing weakening demand in major international markets including China.
Apple soared 7 per cent after reporting bigger than expected profits. Twitter plunged 13 per cent after reporting weak sales.
The Dow Jones industrial average fell 16 points, or 0.1 per cent, to 18,457.
The Standard & Poor’s 500 index lost 4 points, or 0.2 per cent, to 2,164. The Nasdaq composite gained 23 points, or 0.5 per cent, to 5,132.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.54 per cent.
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9:35 a.m.
Stocks are opening higher, led by gains in technology stocks after Apple posted solid quarterly earnings.
Apple soared 8 per cent after reporting bigger than expected profits. Other technology shares mostly rose, but Twitter plunged 12 per cent after reporting weak sales.
The Dow Jones industrial average rose 55 points, or 0.3 per cent, to 18,535.
The Standard & Poor’s 500 index edged 3 points, or 0.2 per cent, to 2,172. The Nasdaq composite gained 33 points, or 0.6 per cent, to 5,142.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.55 per cent.
