NEWS
12/22/2016 06:59 EST | Updated 12/23/2017 00:12 EST

Markets Right Now: US stocks move slightly lower

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

11:45 a.m.

U.S. stocks are lower in midday trading on Wall Street as retailers slide.

Bed Bath & Beyond fell after posting weak sales, while e-commerce company Alibaba dropped after U.S. regulators again sanctioned the company for sales of counterfeit goods.

Software company Red Hat slumped after reporting weak results.

The Dow Jones industrial average slipped 53 points, or 0.3 per cent, to 19,889.

The Standard & Poor's 500 index lost 8 points, or 0.4 per cent, at 2,256. The Nasdaq composite fell 38 points, or 0.7 per cent, to 5,432.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.55 per cent.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street, led by declines in retailers and health care companies.

Bed Bath & Beyond fell 5 per cent in early trading Thursday. Johnson & Johnson was down 1 per cent.

Software company Red Hat sank 12 per cent after releasing a weak forecast and announcing the departure of its chief financial officer.

The Dow Jones industrial average slipped 27 points, or 0.2 per cent, to 19,914.

The Standard & Poor's 500 index lost 5 points, or 0.3 per cent, at 2,259. The Nasdaq composite fell 16 points, or 0.3 per cent, to 5,455.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.56 per cent.

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