Markets Right Now: A late rally fades, leaving stocks lower

Trader Timothy Nick works on the floor of the New York Stock Exchange, Thursday, Nov. 29, 2018. U.S. stocks are lower Thursday morning after huge gains the day before. (AP Photo/Richard Drew)

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

4 p.m.

Stocks are closing slightly lower on Wall Street after a mid-afternoon rally faded away.

The modest declines Thursday came after three days of gains, including the market's biggest jump in eight months on Wednesday.

Technology companies and banks had the biggest declines, offsetting gains in health care and other sectors.

Bank of America fell 1.4 percent and Intel gave up 2.4 percent.

Deutsche Bank sank 4.8 percent after Germany authorities searched its headquarters on suspicion that employees helped clients launder money.

The S&P 500 fell 5 points, or 0.2 percent, to 2,737.

The Dow Jones Industrial Average lost 27 points, or 0.1 percent, to 25,338. The Nasdaq fell 18 points, or 0.3 percent, to 7,273.

Bond prices rose. The yield on the 10-year Treasury fell to 3.03 percent.

___

11:45 a.m.

Banks and technology companies are leading stock indexes lower on Wall Street following huge gains a day earlier.

Bank of America fell 1.4 percent Thursday and Intel gave up 1.7 percent.

The declines came a day after the biggest rally in eight months.

Deutsche Bank sank 5 percent after Germany authorities searched its headquarters on suspicion that employees helped clients launder money.

The S&P 500 fell 9 points, or 0.3 percent, to 2,733.

The Dow Jones Industrial Average lost 87 points, or 0.3 percent, to 25,278. The Nasdaq fell 26 points, or 0.4 percent, to 7,263.

The price of oil traded below $50 a barrel overnight but was up 3 percent at $51.75 in New York.

Bond prices rose. The yield on the 10-year Treasury fell to 3.03 percent.

___

9:35 a.m.

Banks and technology companies are leading stock indexes slightly lower in early trading on Wall Street.

Bank of America fell 1 percent in the first few minutes of trading Thursday and Intel gave up 1.4 percent.

The early declines came a day after the market's biggest rally in eight months.

Deutsche Bank sank 3.3 percent after Germany authorities searched the bank's headquarters on suspicions bank employees helped clients launder money.

The S&P 500 index fell 6 points, or 0.2 percent, to 2,737.

The Dow Jones Industrial Average lost 38 points, or 0.1 percent, to 25,328. The Nasdaq composite fell 14 points, or 0.2 percent, to 7,277.

Bond prices rose. The yield on the 10-year Treasury note fell to 3.03 percent.

Must Read

Trump's shrinking trade appeal evident in North...

Aug 22, 2016

North Carolina may be the state most pivotal to Donald Trump's White House bid, and the audience...

Yellen, in speech Friday, could send signal about...

Aug 26, 2016

Yellen, in Jackson Hole speech Friday, could send a signal about timetable for next rate hike

US bank earnings in Q2 climbed 1.4 percent to...

Aug 30, 2016

U.S. banks' earnings in the April-June period rose 1.4 percent from a year earlier as growth in...

WHY IT MATTERS: The Role of Government

Aug 31, 2016

It's the Goldilocks conundrum of American politics: Is the government too big, too small or just...

Poll: More voters trust Clinton on health care

Sep 1, 2016

A new poll finds that more voters trust Democratic presidential candidate Hillary Clinton to do a...

Sign up now!

About Us

In The Headline sought to bring professionalism back into journalism, bringing you only the most exclusive and the most impactive news from all over the globe.

Contact us: sales[at]intheheadline.com