Sign up for the meadowlakeNOW newsletter

Markets Right Now: Energy sector leads stocks slightly lower

Jan 27, 2017 | 10:00 AM

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

4:00 p.m.

Declines in energy and real estate companies led U.S. stock indexes mostly lower after a listless day on Wall Street.

Murphy oil slumped 3.6 per cent Friday.

Investors were sizing up earnings from American Airlines, Microsoft and other big companies.

Starbucks slumped 4 per cent after reporting weak sales growth and cutting its forecast.

The Standard & Poor’s 500 index fell 2 points, or 0.1 per cent, to 2,294.

The Dow Jones industrial average slipped 7 points, less than 0.1 per cent, to 20,093. The Nasdaq composite edged up 5 points, or 0.1 per cent, to 5,660.

Bond yields fell after the government reported that the U.S. economy grew at an annual rate of just 1.9 per cent in the last three months of 2016.

The yield on the 10-year Treasury note fell to 2.49 per cent.

___

11:45 a.m.

Energy companies led a slight decline in U.S. stock indexes as the price of crude oil headed lower.

Murphy oil slumped 3.7 per cent in midday trading Friday.

Investors were sizing up earnings from American Airlines, Starbucks, Microsoft and other big companies.

The Standard & Poor’s 500 index fell 2 points, or 0.1 per cent, to 2,293.

The Dow Jones industrial average, which tracks 30 big industrial companies, slipped 10 points, or 0.1 per cent, to 20,091. The Nasdaq composite edged down 3 points, less than 0.1 per cent, to 5,651.

Bond yields fell after the government reported that the U.S. economy grew at an annual rate of just 1.9 per cent in the last three months of 2016.

The yield on the 10-year Treasury note fell to 2.49 per cent.

___

9:35 a.m.

Stock indexes are barely budging in early trading on Wall Street as investors look over a large batch of earnings reports from U.S. companies.

Chevron slumped 3 per cent after reporting fourth-quarter results that missed analysts’ estimates. Intel rose 2 per cent after its revenue came in ahead of forecasts.

The Standard & Poor’s 500 index fell 1 point, or 0.1 per cent, to 2,295.

The Dow Jones industrial average, which tracks 30 big industrial companies, was little changed at 20,101. The Nasdaq composite edged up 3 points, less than 0.1 per cent, to 5,658.

Bond prices rose after the government reported that the U.S. economy grew at an annual rate of just 1.9 per cent in the last three months of 2016.

The yield on the 10-year Treasury note fell to 2.49 per cent.

The Associated Press