Markets Right Now: Mixed finish for US stocks on Wall Street

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

4 p.m.

It was a mixed finish on Wall Street as declines in banks and technology companies offset gains elsewhere in the market.

Citigroup lost 2.2 per cent Friday, and chipmaker Intel fell 2.4 per cent.

Industrial companies rose. Deere jumped 5.7 per cent after forecasting strong equipment sales for the current quarter.

Campbell Soup plunged 12.4 per cent after cutting its profit forecast and saying its CEO was retiring immediately.

The S&P 500 index lost 7 points, or 0.3 per cent, to 2,712.

The Dow Jones industrial average wound up little changed at 24,715. The Nasdaq composite dipped 28 points, or 0.4 per cent, to 7,354.

Small-company stocks rose. The Russell 2000 index closed at its third straight record high.

Bond prices rose. The yield on the 10-year Treasury note fell to 3.06 per cent.

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11:45 a.m.

U.S. stock indexes edged mostly lower in midday trading, adding to the market’s modest losses from a day earlier.

Banks, technology and energy companies fell Friday, offsetting gains by industrial stocks.

State Street Financial gave up 1.5 per cent, and Applied Materials sank 8.8 per cent.

Campbell Soup plunged 11.7 per cent after announcing that its CEO, Denise Morrison, was retiring effective immediately.

The S&P 500 index lost 2 points, or 0.1 per cent, to 2,717.

The Dow Jones industrial average edged up 39 points, or 0. per cent, to 24,753. The Nasdaq composite dipped 4 points, or 0.1 per cent, to 7,377.

Bond prices rose. The yield on the 10-year Treasury note fell to 3.08 per cent.

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9:35 a.m.

Stocks are edging lower in early trading on Wall Street as technology companies and banks move lower.

Chipmaker Intel lost 1.3 per cent early Friday and Alphabet, Google’s parent company, fell 1.1 per cent. State Street Financial gave up 1 per cent.

Campbell Soup plunged 10.9 per cent after announcing that its CEO, Denise Morrison, was retiring effective immediately.

The S&P 500 index lost 3 points, or 0.1 per cent, to 2,716.

The Dow Jones industrial average edged up 20 points, or 0.1 per cent, to 24,731. The Nasdaq composite dipped 14 points, or 0.2 per cent, to 7,367.

Bond prices rose. The yield on the 10-year Treasury note fell to 3.08 per cent.