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MIDDAY: Financial stocks lead a midday decline on Wall Street

Banks and other financial companies are leading the stock market broadly lower in midday trading.

Energy stocks were also falling Thursday as the price of crude oil takes another turn lower. Range Resources fell 4 percent.

The price of U.S. benchmark crude gave up 2 percent to fall below $39 a barrel.

Sportsman’s Warehouse sank 12 percent after releasing a disappointing forecast.

The Dow Jones industrial average lost 70 points, or 0.4 percent, to 17,431 as of 11:45 a.m. Eastern time.

The Standard & Poor’s 500 index lost 10 points, or 0.5 percent, to 2,026. The Nasdaq composite declined 15 points, or 0.3 percent, to 4,735.

Trading was relatively quiet ahead of the Easter holiday weekend. U.S. markets will be closed Friday for the Good Friday holiday.


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