Markets Right Now: US stocks edge lower in midday trading


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

11:45 a.m.

Stocks are edging lower in midday trading on Wall Street as the market comes off record high closes the week before.

Materials companies were falling more than the rest of the market Monday. Mining company Freeport-McMoRan slid 1.7 percent.

Newell Brands, which makes Rubbermaid containers, soared 11 percent after reporting solid results and raising its forecast for the year.

The Standard & Poor’s 500 index slipped 3 points, or 0.1 percent, to 2,396.

The Dow Jones industrial average lost 15 points, or 0.1 percent, to 20,991. The Nasdaq composite edged down 11 points, or 0.2 percent, to 6,089.

Small-company stocks fared even worse. The Russell 2000 index lost 9 points, or 0.6 percent, to 1,387.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.38 percent.

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9:35 a.m.

Stocks are edging lower in early trading on Wall Street as the market comes off record high closes the week before.

Materials companies were falling more than the rest of the market early Monday.

Consumer-focused stocks were doing well. Newell Brands, which makes Rubbermaid containers and other products, soared 11 percent after reporting solid first-quarter results and raising its forecast for the year.

The Standard & Poor’s 500 index slipped 1 point to 2,397.

The Dow Jones industrial average lost 23 points, or 0.1 percent, to 20,981. The Nasdaq composite edged down 6 points, or 0.1 percent, to 6,094.