Markets Right Now: Stocks end lower, led by tech losses

FILE- In this Feb. 5, 2019, file photo trader Michael Urkonis works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 28. (AP Photo/Richard Drew, File)

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

4 p.m.

Stocks are closing lower on Wall Street after the government reported that economic growth slowed down at the end of last year.

Technology companies led the way lower Thursday. Apple fell 1 percent, and HP plunged 17.3 percent after reporting weak printer and computer sales.

Despite a sluggish few days, the market still rose 11.1 percent over January and February, its best start to a year since 1991.

South Korean stocks fell after talks between U.S. President Donald Trump and North Korean leader Kim Jong Un ended abruptly without an agreement.

The S&P 500 index fell 7 points, or 0.3 percent, to 2,784.

The Dow Jones Industrial Average lost 69 points, or 0.3 percent, to 25,916. The Nasdaq fell 21 points, or 0.3 percent, to 7,532.

___

11:45 a.m.

Stocks are falling on Wall Street after the government reported that economic growth slowed down at the end of last year.

Energy and materials companies had some of the biggest losses Thursday.

Marathon Petroleum gave up 2.1 percent and chemical maker DowDuPont lost 2.4 percent.

Several technology companies were also doing poorly. HP plunged 16 percent after reporting weak printer and computer sales.

South Korean stocks fell after talks between U.S. President Donald Trump and North Korean leader Kim Jong Un ended abruptly without an agreement.

The S&P 500 slipped 1 point to 2,791. The index is still on track for a 3.2 percent gain in February.

The Dow Jones Industrial Average lost 17 points, or 0.1 percent, to 25,967. The Nasdaq was little changed at 7,552.

___

9:35 a.m.

Stocks are opening slightly lower on Wall Street after the government reported that growth in the U.S. economy slowed significantly in the last three months of 2018.

Technology companies and retailers fell more than the rest of the market early Thursday.

HP plunged 16 percent after reporting weak printer and computer sales.

Booking Holdings, the parent company of Priceline, sank 9 percent and Victoria's Secret parent company L Brands dropped 6.6 percent.

South Korean stocks fell after talks between U.S. President Donald Trump and North Korean leader Kim Jong Un ended abruptly without an agreement.

The S&P 500 index fell 3 points, or 0.1 percent, to 2,788.

The Dow Jones Industrial Average lost 13 points, or 0.1 percent, to 25,975. The Nasdaq fell 12 points, or 0.2 percent, to 7,541.

Must Read

Apple is shifting the focus of its secret car...

Sep 10, 2016

Apple may not become an automaker, but it still wants to develop its own self-driving technology

In leaked emails, Powell calls Trump a 'national...

Sep 15, 2016

Former Secretary of State Colin Powell, in newly leaked emails, is calling Donald Trump "a national...

Hyundai recalls SUVs; software flaw may stop...

Sep 15, 2016

Hyundai is recalling about 41,000 small SUVs in the U.S. because a software glitch can stop the...

Arizona governor welcomes Uber fleet of...

Dec 23, 2016

Arizona Gov. Doug Ducey on Friday morning welcomed a fleet of Uber self-driving cars delivered via...

US elections still vulnerable to rigging,...

Dec 26, 2016

The presidential election in November has cast light on long-known problems in the voting system

Sign up now!

About Us

In The Headline sought to bring professionalism back into journalism, bringing you only the most exclusive and the most impactive news from all over the globe.

Contact us: sales[at]intheheadline.com