Markets Right Now: Stocks end lower, led by tech losses – Raleigh News & Observer


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

4 p.m.

Stocks are closing lower on Wall Street after the government reported that economic growth slowed down at the end of last year.

Technology companies led the way lower Thursday. Apple fell 1 percent, and HP plunged 17.3 percent after reporting weak printer and computer sales.

Despite a sluggish few days, the market still rose 11.1 percent over January and February, its best start to a year since 1991.

South Korean stocks fell after talks between U.S. President Donald Trump and North Korean leader Kim Jong Un ended abruptly without an agreement.

The S&P 500 index fell 7 points, or 0.3 percent, to 2,784.

The Dow Jones Industrial Average lost 69 points, or 0.3 percent, to 25,916. The Nasdaq fell 21 points, or 0.3 percent, to 7,532.

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11:45 a.m.

Stocks are falling on Wall Street after the government reported that economic growth slowed down at the end of last year.

Energy and materials companies had some of the biggest losses Thursday.

Marathon Petroleum gave up 2.1 percent and chemical maker DowDuPont lost 2.4 percent.

Several technology companies were also doing poorly. HP plunged 16 percent after reporting weak printer and computer sales.

South Korean stocks fell after talks between U.S. President Donald Trump and North Korean leader Kim Jong Un ended abruptly without an agreement.

The S&P 500 slipped 1 point to 2,791. The index is still on track for a 3.2 percent gain in February.

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The Dow Jones Industrial Average lost 17 points, or 0.1 percent, to 25,967. The Nasdaq was little changed at 7,552.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street after the government reported that growth in the U.S. economy slowed significantly in the last three months of 2018.

Technology companies and retailers fell more than the rest of the market early Thursday.

HP plunged 16 percent after reporting weak printer and computer sales.

Booking Holdings, the parent company of Priceline, sank 9 percent and Victoria’s Secret parent company L Brands dropped 6.6 percent.

South Korean stocks fell after talks between U.S. President Donald Trump and North Korean leader Kim Jong Un ended abruptly without an agreement.

The S&P 500 index fell 3 points, or 0.1 percent, to 2,788.

The Dow Jones Industrial Average lost 13 points, or 0.1 percent, to 25,975. The Nasdaq fell 12 points, or 0.2 percent, to 7,541.





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