NEW YORK — The latest on developments in financial markets (All times local):
4:00 p.m.
Stocks are ending lower on Wall Street but recouped some of the ground they had lost earlier in the day.
Energy, materials and technology companies fell the most Monday.
Airline stocks slumped after President Donald Trump imposed a travel ban on seven Muslim-majority countries, which led to protests and disruptions at airports.
American Airlines dropped 4.4 per cent.
The Standard & Poor’s 500 index fell 13 points, or 0.6 per cent, to 2,280. It was down 26 points earlier.
The Dow Jones industrial average lost 122 points, or 0.6 per cent, to 19,971. The Nasdaq composite declined 47 points, or 0.8 per cent, to 5,613.
Small-company stocks, which have risen more than the rest of the market in recent months, also fell. The Russell 2000 index lost 18 points, or 1.3 per cent, to 1,353.
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11:45 a.m.
U.S. stocks are falling, putting the market on track for its biggest drop since September, as energy and materials companies take sharp losses.
Airlines skidded Monday after President Donald Trump ordered impose a travel ban on seven Muslim-majority countries, which lead to protests and disruption at airports.
American Airlines slumped 6.3 per cent and United Continental dropped 4.8 per cent.
Technology companies also fell, and energy companies declined with oil prices.
Rite Aid plunged 17 per cent after Walgreens Boots Alliance cut the price it will pay to buy its rival.
The Standard & Poor’s 500 index fell 19 points, or 0.9 per cent, to 2,275.
The Dow Jones industrial average lost 161 points, or 0.8 per cent, to 19,932. The Nasdaq composite gave up 60 points, or 1.1 per cent, to 5,600.
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9:35 a.m.
Stocks are opening broadly lower, led by industrial and technology companies.
American Airlines slumped 3.1 per cent in early trading Monday, and Cognizant Technology Solutions lost 2.4 per cent.
Rite Aid plunged 18 per cent after Walgreen Boots Alliance cut the price it will pay to buy its rival.
Fitbit dropped 12 per cent after reporting that it sold fewer of its wearable fitness devices in the fourth quarter than it had anticipated. It also said it would cut jobs.
The Standard & Poor’s 500 index fell 12 points, or 0.6 per cent, to 2,282.
The Dow Jones industrial average lost 88 points, or 0.4 per cent, to 20,006. The Nasdaq composite gave up 44 points, or 0.8 per cent, to 5,615.
Bond prices edged lower. The yield on the 10-year Treasury note rose to 2.49 per cent.
The Associated Press
