Weakness in bank stocks leaves indexes mixed on Wall Street

Major indexes were little changed in morning trading as a drop in bond yields pushed down banks and energy companies. Big technology companies, which benefit from lower bond yields, were slightly positive.

The S&P 500 was down less than 0.1% as of 10:55 a.m. Eastern. The Nasdaq Composite was down 0.1% while the Dow Jones Industrial Average was down 0.3%.

Energy prices were moving sharply lower, with the price of U.S. crude falling 3% to $59.51 a barrel. Energy prices have been steadily climbing this year until recently, as the global economy recovers and oil demand worldwide increases while production remains constrained. The drop in oil prices could be

→ Continue reading at The Spokesman-Review

Related articles

Comments

Share article

Latest articles