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Markets Right Now: Technology stocks lead US indexes lower

FILE- This Jan. 9, 2017, file photo shows the opening bell at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Sept. 17, 2018. (AP Photo/Mark Lennihan, File)

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

4 p.m.

Technology stocks led the way downward on Wall Street as traders braced for more tariffs to be announced on China.

Apple lost 2.7 percent Monday, Netflix slumped 3.9 percent and Twitter gave up 4.2 percent.

Most stocks closed lower on the New York Stock Exchange. Safe-play sectors like real estate and utilities rose.

Express Scripts jumped 3.7 percent after regulators cleared the way for Cigna to buy it. Cigna rose 1.4 percent.

The S&P 500 index fell 16 points, or 0.6 percent, to 2,888.

The Dow Jones Industrial Average lost 92 points, or 0.4 percent, to 26,062. The Nasdaq composite slid 114 points, or 1.4 percent, to 7,895.

The yield on the 10-year Treasury note held steady at 2.99 percent.

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11:45 a.m.

Stocks are edging lower on Wall Street as investors wait to see whether the Trump administration will announce more tariffs on Chinese goods.

The two governments have already imposed 25 percent tariffs on $50 billion of each other’s goods. The White House is expected to announce tariffs on another $200 billion of Chinese goods Monday.

Restaurant chains and technology companies are among the decliners.

McDonald’s fell 1.4 percent, while Twitter slumped 4.2 percent.

The S&P 500 index fell 7 points, or 0.3 percent, to 2,897.

The Dow Jones Industrial Average lost 17 points, or 0.1 percent, to 26,136. The Nasdaq composite slid 65 points, or 0.8 percent, to 7,944.

The yield on the 10-year Treasury note held steady at 2.99 percent.

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9:40 a.m.

Stocks are opening slightly lower on Wall Street as investors wait to see whether the Trump administration will formally announce tariffs on another $200 billion-worth of Chinese goods.

The two governments have already imposed 25 percent tariffs on $50 billion of each other’s goods.

Restaurant chains and technology companies are among the decliners in early trading Monday. McDonald’s fell 2.1 percent, while Twitter slid 3.7 percent.

The S&P 500 index fell 3 points, or 0.1 percent, to 2,900.

The Dow Jones Industrial Average lost 33 points, or 0.1 percent, to 26,121. The Nasdaq composite slid 33 points, or 0.4 percent, to 7,976.

Bond prices fell. The yield on the 10-year Treasury note rose to 3.01 percent.

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