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Markets Right Now: US stock indexes drift to a mixed finish

Apr 11, 2017 | 7:45 AM

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

4:00 p.m.

Stocks ended up little changed on Wall Street as gains in real estate and industrial companies were cancelled out by losses in technology and other sectors.

RetailMeNot soared 48 per cent Tuesday after the online coupon company agreed to be acquired by payment and marketing company Harland Clark Holdings.

Hub Group sank 14 per cent after the transportation management company forecast weak first-quarter results.

The Standard & Poor’s 500 index fell 14 points, or 0.6 per cent, to 2,343.

The Dow Jones industrial average lost 88 points, or 0.4 per cent, to 20,569. The Nasdaq composite gave up 40 points, or 0.7 per cent, to 5,839.

Small-company stocks rose. The Russell 2000 gained 9 points, or 0.7 per cent, to 1,376.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.30 per cent.

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11:45 a.m.

Stocks are moving broadly lower in midday trading, led by declines in banks and technology companies.

Energy stocks also fell as the price of crude oil headed lower. Range Resources slumped 2.4 per cent and Devon Energy lost 2.3 per cent.

Bond yields fell and the price of gold rose as investors monitored heightened tensions between the U.S. and North Korea.

In earnings news, MTS Systems plunged 10 per cent after reporting results that fell short of analysts’ estimates.

The Standard & Poor’s 500 index fell 14 points, or 0.6 per cent, to 2,343.

The Dow Jones industrial average lost 88 points, or 0.4 per cent, to 20,569. The Nasdaq composite gave up 40 points, or 0.7 per cent, to 5,839.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.31 per cent.

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9:35 a.m.

Stocks are opening modestly lower on Wall Street, led by declines in banks and energy companies.

Fifth Third Bancorp fell 1.2 per cent and Capital One Financial also lost 1.2 per cent. Chesapeake Energy fell 2.4 per cent.

In earnings news, MTS Systems plunged 9 per cent after reporting earnings that fell short of analysts’ estimates.

The Standard & Poor’s 500 index fell 5 points, or 0.2 per cent, to 2,352.

The Dow Jones industrial average lost 24 points, or 0.1 per cent, to 20,629. The Nasdaq composite gave up 14 points, or 0.3 per cent, to 5,866.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.33 per cent.

The Associated Press