Home » NEWS » Banking & Finance » Stocks sag in midday trading

Stocks sag in midday trading

U.S. stocks are slightly lower in midday trading, giving back some of a big gain from the day before.

Several companies were slipped Wednesday after delivering disappointing forecasts.

Agribusiness giant Monsanto dropped 7 percent after cutting its outlook, and spirits maker Brown-Forman, whose brands include Jack Daniels, fell 3 percent after lowering its guidance.

The Dow Jones industrial average slipped 42 points, or 0.3 percent, to 16,822 as of 11:55 am.

The Standard & Poor’s 500 index fell five points, or 0.3 percent, to 1,973. The Nasdaq composite edged down 21 points, or 0.5 percent, to 4,669.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.86 percent.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Associated Press

Leave a Reply

Your email address will not be published. Required fields are marked *

*