Markets Right Now: Wall Street sinks again, extending losses

Trader Gregory Rowe works on the floor of the New York Stock Exchange, Thursday, March 7, 2019. U.S. stocks moved lower in morning trading, led by banks and technology companies, putting the market on track for its first losing week since January. (AP Photo/Richard Drew)

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

4 p.m.

Stocks fell again on Wall Street, marking the fourth straight loss for the S&P 500 and putting the benchmark index on track for its first weekly drop since January.

Technology companies and banks led the way lower Thursday. Utilities eked out gains as investors sought out safer holdings.

With fourth-quarter earnings having wound down and lingering uncertainty over trade talks between the U.S. and China, traders have had little reason to extend the gains the market has made since early this year.

The S&P 500 fell 22 points, or 0.8 percent, to 2,748.

The Dow Jones Industrial Average fell 200 points, or 0.8 percent, to 25,473. The Nasdaq lost 84 points, or 1.1 percent, to 7,421.

Bond prices rose. The yield on the 10-year Treasury fell to 2.64 percent.

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11:45 a.m.

Major indexes are moving lower on Wall Street, putting the market on track for its fourth straight loss and its first losing week since January.

Banks and technology companies had some of the biggest losses Thursday. Bank of America and Nvidia each fell 1.1 percent.

Kroger slumped 10 percent after the supermarket operator reported earnings that fell short of analysts' forecasts.

European markets narrowed their losses after the European Central Bank pushed back the earliest date for interest rate increases.

The S&P 500 fell 16 points, or 0.6 percent, to 2,754.

The Dow Jones Industrial Average fell 198 points, or 0.8 percent, to 25,474. The Nasdaq lost 41 points, or 0.5 percent, to 7,464.

Bond prices rose. The yield on the 10-year Treasury fell to 2.65 percent.

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9:35 a.m.

Stocks are opening lower on Wall Street, putting the market on track for its fourth loss in a row and its first losing week since January.

Banks and technology companies had some of the biggest losses in early trading Thursday.

Kroger slumped 12 percent after the supermarket operator reported earnings that fell short of Wall Street's forecasts.

European markets narrowed their losses after the European Central Bank pushed back the earliest date of interest rate increases and announced more cheap loans for banks.

The S&P 500 slipped 7 points, or 0.3 percent, to 2,764.

The Dow Jones Industrial Average fell 58 points, or 0.2 percent, to 25,600. The Nasdaq lost 29 points, or 0.4 percent, to 7,476.

Bond prices rose. The yield on the 10-year Treasury fell to 2.66 percent.

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