NEW YORK (AP) — The latest on developments in financial markets (All times local): 4 p.m. U.S. stock indexes are closing slightly lower as retailers and media companies decline. Women’s clothing retailer J. Jill lost half its value Thursday after
NEW YORK (AP) — The latest on developments in financial markets (All times local):
4 p.m.
U.S. stock indexes are closing slightly lower as retailers and media companies decline.
Women’s clothing retailer J. Jill lost half its value Thursday after the company slashed its forecast for the third quarter.
AT&T sank 6.1 percent, its worst loss in nine years, after the company said it was losing DirecTV subscribers.
Cable company Charter fell 2.6 percent and entertainment conglomerate Viacom lost 2.5 percent on reports that Viacom channels may go off the air in the New York area because of a contract dispute.
The Standard & Poor’s 500 index fell 4 points, or 0.2 percent, to 2,550.
The Dow Jones industrial average lost 31 points, or 0.1 percent, 22,841. The Nasdaq composite fell 12 points, or 0.2 percent, to 6,591.
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11:45 a.m.
Stocks indexes are little changed in midday trading as the market eases back a day after setting its latest record highs.
Technology and industrial companies are gaining Thursday, but retailers and banks are lower.
Cable company Charter fell 1.6 percent and entertainment conglomerate Viacom lost 4.6 percent on reports that Viacom channels may go off the air in the New York area because of a contract dispute.
Women’s clothing retailer J. Jill lost half its value after the company slashed its forecast for the third quarter.
The Standard & Poor’s 500 index fell 4 points, or 0.2 percent, to 2,550.
The Dow Jones industrial average lost 36 points, or 0.2 percent, 22,836. The Nasdaq composite fell 8 points, or 0.1 percent, to 6,595.
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9:35 a.m.
Stocks are opening slightly lower on Wall Street, a day after setting their latest record highs.
AT&T sank 3 percent in early trading Thursday after saying it was losing DirecTV subscribers. Cable TV operator Comcast also fell 2.3 percent.
Banks were broadly higher after JPMorgan Chase and Citigroup both reported higher earnings than analysts were expecting.
The Standard & Poor’s 500 index fell 4 points, or 0.2 percent, to 2,550.
The Dow Jones industrial average lost 36 points, or 0.2 percent, 22,836. The Nasdaq composite fell 8 points, or 0.1 percent, to 6,595.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.33 percent.
