The latest on developments in global financial markets (all times local):
9:35 a.m.
U.S. stock indexes are broadly lower in early trading on Wall Street, led by declines in energy companies as the price of oil sank.
Benchmark U.S. crude dropped 1 per cent to $48 a barrel Thursday following reports that OPEC was unable to agree on production cuts.
Exxon Mobil fell 1.5 per cent, the biggest loss in the Dow Jones industrial average.
Retailer Conn's sank 23 per cent after reporting results that fell short of analysts' estimates.
The Dow fell 60 points, or 0.3 per cent, to 17,731. The Standard and Poor's 500 index lost 6 points, or 0.3 per cent, to 2,092. The Nasdaq composite gave up 13 points, or 0.3 per cent, to 4,938.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.82 per cent.
This content appears as provided to The Globe by the originating wire service. It has not been edited by Globe staff.