Markets Right Now: Stocks open lower on Wall Street

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

9:35 a.m.

Stocks are opening lower on Wall Street, led by declines in banks and energy companies.

Banks were lower in early trading Friday as bond yields fell, which will force interest rates lower on loans such as mortgages. Citizens Financial dropped 1.7 percent.

Investors were also looking over company earnings. Hewlett Packard Enterprises slumped 8 percent after the company said it is facing "significant headwinds" that will slow its profits this year.

The Standard & Poor's 500 index lost 10 points, or 0.4 percent, to 2,354.

The Dow Jones industrial average gave back 56 points, or 0.3 percent, to 20,754. The Nasdaq composite dropped 28 points, or 0.5 percent, to 5,807.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.34 percent.



Add Comment

all comments

  Other news

more
Political therapy

Political therapy..

26-Apr, 00:24

First stop was the House of Commons, for a tour with veteran Conservative...

Trump tax plan slashes taxes for ‘some’ businesses and wealthy estates

Trump tax plan slashes taxes for ‘some’ businesses and wealthy estates..

26-Apr, 16:40

The White House is proposing comprehensive tax reforms which are said to...

Ferne McCann opens up about ‘real man’ ex boyfriend Arthur Collins as she praises him for ‘putting me in my place’ WEEKS before confirming she is pregnant with his child

Ferne McCann opens up about ‘real man’ ex boyfriend Arthur Collins as she praises him..

26-Apr, 16:17

And now the star’s feelings for her former beau have been revealed in an...

..

26-Apr, 07:10

Jessica Biel has opened up about the importance of family life "You have...

Lego sees record revenue as demand grows globally

Lego sees record revenue as demand grows globally..

09-Mar, 05:17

Danish toy maker Lego says its famous colored toy blocks were in high...

US cancer deaths are decreasing, study finds

US cancer deaths are decreasing, study finds..

31-Mar, 17:37

More people are surviving the most common forms of cancer as cancer...

New Zealand judge upholds Kim Dotcom extradition ruling

New Zealand judge upholds Kim Dotcom extradition ruling..

20-Feb, 00:45

A New Zealand judge on Monday upheld an earlier court ruling that...

Yeo Yoo Man Man Episode 3322

Yeo Yoo Man Man Episode 3322..

17-Feb, 22:53

The following Yeo Yoo Man Man Episode 3322 English Sub has been released....