pcloudyn.png
Thursday July 18th, 2019 5:05AM

Markets Right Now: Tech and health care stocks slip

By The Associated Press
Related Articles
  Contact Editor

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

4:00 p.m.

U.S. stocks are closing lower as technology and health care companies take losses.

Facebook lost 2.6 percent Tuesday and drugmaker Amgen lost 1.8 percent.

JD.com fell 6 percent after the CEO of the Chinese e-commerce company was arrested in Minneapolis on suspicion of criminal sexual conduct. JD.com said Richard Liu returned to China after his release.

Amazon rose 1.3 percent and briefly traded above $1 trillion in market value. It finished slightly below that mark. Apple was the first publicly traded U.S. company valued at $1 trillion.

The S&P 500 index lost 4 points, or 0.2 percent, to 2,896.

The Dow Jones Industrial Average fell 12 points, or 0.1 percent, to 25,952. The Nasdaq composite sank 18 points, or 0.2 percent, to 8,091.

____

11:50 a.m.

U.S. stocks are lower as technology and health care companies take losses.

Facebook lost 2.5 percent Tuesday and drugmaker Amgen lost 2 percent.

JD.com fell 5.5 percent after the CEO of the Chinese e-commerce company was arrested in Minneapolis on suspicion of criminal sexual conduct. JD.com said Richard Liu returned to China after his release.

Amazon became the second U.S. company to reach $1 trillion in market value. Later it traded slightly below that mark, up 1.1 percent.

The S&P 500 index lost 9 points, or 0.3 percent, to 2,892.

The Dow Jones Industrial Average fell 76 points, or 0.3 percent, to 25,888. The Nasdaq composite sank 34 points, or 0.4 percent, to 8,074.

____

9:35 a.m.

U.S. stocks are opening lower as technology companies take losses.

Facebook lost 2.8 percent Monday morning and Microsoft lost 1.7 percent.

JD.com fell 6.3 percent after the CEO of the Chinese e-commerce company was arrested in Minneapolis on suspicion of criminal sexual conduct. JD.com said Richard Liu was released without charges.

Oil prices rose as Tropical Storm Gordon moved through the Gulf of Mexico. Benchmark U.S. crude gained 1.1 percent.

The S&P 500 index lost 7 points, or 0.3 percent, to 2,893.

The Dow Jones Industrial Average fell 93 points, or 0.4 percent, to 25,871. The Nasdaq composite sank 31 points, or 0.4 percent, to 8,078.

  • Associated Categories: Associated Press (AP), AP Business, AP Business - Corporate News, AP Business - Economy, AP Business - Financial Markets, AP Business - Industries, AP Business - Health Care
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Markets Right Now: Tech and health care stocks slip
US stocks are closing lower as technology and health care companies take losses
4:13PM ( 8 minutes ago )
Potential 2020 Democrats seize on Kavanaugh Senate hearings
Some Democratic senators weighing 2020 presidential campaigns have seized upon the opening moments of Supreme Court nominee Brett Kavanaugh's Senate confirmation hearings
4:09PM ( 12 minutes ago )
Former senator to replace McCain, at least until January
Prolonging the uncertainty over who will fill the late John McCain's U.S. Senate seat, the governor of Arizona announced the appointment of former Sen. Jon Kyl but said he has only committed to serve until the end of the year
4:02PM ( 19 minutes ago )
Associated Press (AP)
Colin Kaepernick's Nike deal prompts flurry of debate online
An endorsement deal between Nike and Colin Kaepernick is prompting a flood of debate online as sports fans react to the apparel giant backing the quarterback
2:58PM ( 1 hour ago )
Steve Bannon still expected to speak at Economist festival
Steve Bannon's invitation to speak at a festival hosted by The Economist is still on
2:41PM ( 1 hour ago )
France's Macron encounters obstacle course at home
Just two week after his return from summer vacation, French President Emmanuel Macron had planned to focus on promoting further economic changes
2:31PM ( 1 hour ago )
AP Business
Ticket reseller sues Sheeran promoter in Germany for fraud
International ticket reseller Viagogo says it's suing superstar Ed Sheeran's promoter for fraud on allegations the company confiscated genuine tickets from concert-goers and forced them to purchase new tickets
12:31PM ( 3 hours ago )
Tech and health stocks slip; Amazon hits $1 trillion
US stocks are lower as technology and health care companies decline
12:17PM ( 4 hours ago )
Markets Right Now: Tech stocks pull US indexes lower
US stocks are trading lower as technology and health care companies take losses
11:58AM ( 4 hours ago )
AP Business - Corporate News
Major UK union backs calls for new Brexit referendum
One of Britain's biggest trade unions is backing calls for a new public vote on leaving the European Union, saying voters were misled during the 2016 referendum campaign
12:29PM ( 3 hours ago )
Bank of England chief hints he will stay to help with Brexit
Bank of England Governor Mark Carney has indicated that he is "willing" to extend his time at the central bank beyond his June in order to help ensure a smooth Brexit
11:06AM ( 5 hours ago )
US construction spending rose 0.1 percent in July
US construction spending rose ticked up in July, driven by home, school and highway construction
10:14AM ( 6 hours ago )
AP Business - Economy
Asian stocks fall on trade worries, weak Chinese data
Asian shares are mostly lower as the lack of new leads following a U.S. market holiday meant that trade worries and slowing Chinese manufacturing activity stayed in the spotlight
12:55AM ( 15 hours ago )
Nick Foles will start for Eagles vs Falcons in season opener
Eagles coach Doug Pederson says Nick Foles will start against the Atlanta Falcons on Thursday night
6:12PM ( 22 hours ago )
Argentina announces new taxes, ministry cuts amid turmoil
Argentina's President Mauricio Macri has announced new taxes on exports and the elimination of several ministries on Monday in a bid to halt economic turmoil that has sent the peso to record lows
2:13PM ( 1 day ago )
AP Business - Financial Markets
European automakers claim cutting emissions could cost jobs
A lobby group representing European automakers says EU proposals for cutting emissions of the greenhouse gas carbon dioxide could result in manufacturing job losses
10:39AM ( 5 hours ago )
Father of slain Iowa student decries using her as 'pawn'
The father of slain Iowa college student Mollie Tibbetts says his daughter's death should not be used to promote political agendas
3:11PM ( 2 days ago )
China-Africa trade deficit prominent at conference
African banker: Continent's leaders likely to press Beijing over trade deficit at conference this week
2:07AM ( 2 days ago )
AP Business - Industries
Maine governor hospitalized after experiencing 'discomfort'
Republican Maine Gov. Paul LePage is in stable condition and under observation at a hospital after experiencing discomfort
4:44PM ( 1 week ago )
3 scientists share $500,000 prize for work on cancer therapy
Three scientists will share a $500,000 medical prize for their studies of the immune system that have led to innovative treatments for cancer, HIV and other diseases
8:34AM ( 2 weeks ago )
Warren Buffett's firm adds to Apple, Teva investments
Investor Warren Buffett's company added to its stakes in Apple and Israeli drugmaker Teva Pharmaceuticals in the second quarter while tweaking several of its other stock investments
7:06PM ( 2 weeks ago )
AP Business - Health Care
Potential 2020 Democrats seize on Kavanaugh Senate hearings
Some Democratic senators weighing 2020 presidential campaigns have seized upon the opening moments of Supreme Court nominee Brett Kavanaugh's Senate confirmation hearings
4:09PM ( 12 minutes ago )
Former senator to replace McCain, at least until January
Prolonging the uncertainty over who will fill the late John McCain's U.S. Senate seat, the governor of Arizona announced the appointment of former Sen. Jon Kyl but said he has only committed to serve until the end of the year
4:02PM ( 19 minutes ago )
Gordon aims to hit Gulf Coast as hurricane after nightfall
Tropical Storm Gordon aims to hit Gulf Coast as a Category 1 hurricane after nightfall
3:41PM ( 41 minutes ago )
Botswana, long an elephant refuge, faces poaching threat
Elephant poaching increases in Botswana, long viewed as a rare refuge for elephants in Africa
3:37PM ( 45 minutes ago )
California attorney general candidate faces ethics panel
GOP candidate for California attorney general is facing an ethics tribunal just two months before the November election
3:27PM ( 55 minutes ago )