Markets Right Now: Stocks are mixed on Wall Street at midday
NEW YORK (AP) – The latest on developments in financial markets (all times local):
Stocks are little changed in midday trading as gains for banks are offset by losses elsewhere in the market.
Illinois Tool Works slumped 7.5 percent Monday after forecasting earnings that were well below what analysts were expecting.
Fiat Chrysler fell 1.9 percent after announcing the early departure of CEO Sergio Marchionne due to health issues.
Hasbro soared 12.8 percent after reporting results that easily beat analysts’ forecasts.
The S&P; 500 index slipped 2 points to 2,804.
The Dow Jones Industrial Average lost 11 points, or 0.1 percent, to 25,046. The Nasdaq composite edged up 8 points, or 0.1 percent, to 7,829.
More stocks fell than rose on the New York Stock Exchange.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.95 percent from 2.89 percent.