Home » NEWS » Banking & Finance » US stocks pull back in early trading
FILE - This Thursday, Oct. 2, 2014, file photo, shows the facade of the New York Stock Exchange.

US stocks pull back in early trading

Stocks are pulling back in early trading, led by declines in materials and energy companies.

Chesapeake Energy and Southwestern Energy each fell 9 percent in the first minutes of trading Tuesday.

Hamburger chain Shake Shack dropped 8 percent after delivering results and an outlook that disappointed investors.

Traders were also discouraged by weak trade figures from China.

The Dow Jones industrial average fell 90 points, or 0.6 percent, to 16,980 as of 9:35 a.m. Eastern time.

The Standard & Poor’s 500 index fell 14 points, or 0.8 percent, to 1,987. The Nasdaq composite gave up 37 points, or 0.8 percent, to 4,670.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.82 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Your email address will not be published.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 *

*