Markets Right Now: More tech losses leave indexes mixed - 660 NEWS
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Markets Right Now: More tech losses leave indexes mixed

Last Updated Mar 20, 2018 at 10:41 am MDT

NEW YORK, N.Y. – The latest on developments in financial markets (all times local):

4 p.m.

Major U.S. stock indexes are mixed in midday trading as another slump in technology companies offsets gains elsewhere in the market.

Oracle plunged 10 per cent Tuesday after reporting disappointing results, and Facebook sank 6 per cent following reports that the Federal Trade Commission will look into its handling of user data.

Banks rose along with bond yields, which allow banks to charge higher interest rates on loans, and energy companies climbed along with the price of crude oil.

The S&P 500 index slipped 2 points, or 0.1 per cent, to 2,711.

The Dow Jones industrial average rose 89 points, or 0.4 per cent, to 24,701. The Nasdaq composite fell 7 points, or 0.1 per cent, to 7,339.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.88 per cent.

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9:35 a.m.

Banks and energy stocks are leading early gains for U.S. indexes.

Banks are gaining as bond yields rise Tuesday, and energy companies are rising along with the price of crude oil.

Oracle sank 9 per cent after reporting disappointing results.

Facebook lost 2.5 per cent following a report that the company could face more regulatory scrutiny. Bloomberg News reported that the Federal Trade Commission will look into its handling of user data.

The S&P 500 index rose 8 points, or 0.3 per cent, to 2,720.

The Dow Jones industrial average climbed 115 points, or 0.5 per cent, to 24,728. The Nasdaq composite increased 16 points, or 0.2 per cent, to 7,361.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.88 per cent.