Markets Today: US stocks erase an early Profit, turn lower

11:45 a.m.

Important U.S. stock indexes gave an early gain and were marginally lower in midday trading on Wall Street.

Health maintenance and energy firms fell more Thursday.

Banks and industrial businesses still do well. Bank got aid from increasing bond yields, which allows them to earn more income on bonds that they hold and to charge higher interest rates.

JPMorgan Chase climbed 0.5%.

Even the S&P 500 index fell 3 points, or 0.1%, to 2,885.

The Nasdaq dropped 15 points, or 0.2 percent, to 7,949.

Bond prices dropped. The return on the benchmark 10-year Treasury rose to 2.50%.


9:35 a.m.

As profits for banks are offset by declines elsewhere in the marketplace, such as energy 26, stocks are barely shifting in early trading on Wall Street.

Banks got some aid from rising bond returns, which allows them to earn more cash on bonds that they hold and also to charge higher interest rates on loans.

JPMorgan Chase was up 0.6 percent.

Oil prices dropped. That helped to pull energy businesses. Concho Resources grew up 1.7 percent.

The S&P 500 index edged up half a point.

The Dow Jones Industrial Average was altered at 26,152. The Nasdaq slipped three factors to 7,961.

Bond prices fell. The return on the standard 10-year Treasury rose to 2.49%.