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Markets Right Now: Stocks waver near record highs

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Posted at 9:25 AM, Nov 18, 2019
and last updated 2019-11-18 12:25:33-05

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

11:45 a.m.

Stocks wavered around their recent record high levels on Wall Street as traders waited for new clues about where trade talks between the U.S. and China were headed.

Chipmakers were doing well in midday trading Monday, but those gains were offset by losses in other sectors including energy.

Nvidia rose 3.8%. Chevron gave up 1.5%.

CoverGirl owner Coty rose 1% after the company said it was buying a majority stake in reality TV star Kylie Jenner's beauty business.

The S&P 500 was up less than 1 point at 3,120. The index is coming off six straight weeks of gains.

The Dow Jones Industrial Average edged up 9 points to 28,014. The Nasdaq edged down 2 point to 8,538.

Bond price rose. The yield on the 10-year Treasury fell to 1.80%.

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9:35 a.m.

Stocks are opening lower on Wall Street as investors weigh mixed signals on trade negotiations between the U.S. and China.

Technology and communications companies led the declines in early trading Monday.

Broadcom fell 1% and CBS lost 1.4%.

Energy stocks were also lower as the price of crude oil fell. ConocoPhillips gave up 2.5%.

The S&P 500 fell 6 points, or 0.2%, to 3,114.

The Dow Jones Industrial Average fell 20 points, or 0.1%, to 27,982. The Nasdaq lost 25 points, or 0.3%, to 8,515.

Bond price rose. The yield on the 10-year Treasury fell to 1.81%.

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