Thursday, November 15, 2018
Trader picture 11/15/2018 AP #1375
Markets Right Now: US stocks struggle higher at midday
By The Associated Press |
Posted - Nov 15th, 2018 @ 7:48am
Updated - Nov 15th, 2018 @ 10:02am
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks erased early losses and were slightly higher in midday trading on Wall Street after the technology sector turned higher.
The modest gains Thursday, if they hold, would end a five-day losing streak.
Power provider PG&E lost another one-fourth of its value as concerns mounted over whether it could sustain losses related to California's devastating Camp Fire.
The British pound fell and British bank stocks plunged after two Cabinet ministers quit, throwing the country's plans for leaving the European Union into turmoil. The disarray is raising questions over London's future as a financial center.
The S&P 500 rose 2 points, or 0.1 percent, to 2,703.
The Dow Jones Industrial Average edged down 48 points, or 0.2 percent, to 25,038. The Nasdaq rose 39 points, or 0.6 percent, to 7,176.
Stocks are opening mostly lower on Wall Street, extending the market's losing streak into a sixth day.