The latest on developments in financial markets (All times local):
11:45 a.m.
Stock indexes are edging higher in midday trading on Wall Street as more losses for energy companies partly outweigh gains for banks and phone companies.
Banks were posting gains Thursday as bond yields rose. Citigroup climbed 1.3 per cent and Wells Fargo rose 1.1 per cent.
Oil companies fell along with the price of crude oil. Rig operator Transocean dropped 4.2 per cent.
The price of crude oil fell another 1 per cent to $49 a barrel, its lowest price since last November.
The Standard & Poor's 500 index rose 4 points, or 0.2 per cent, to 2,366.
The Dow Jones industrial average gained 20 points, or 0.1 per cent, to 20,875. The Nasdaq composite increased 11 points, or 0.2 per cent, to 5,848.
The yield on the 10-year Treasury note rose to 2.58 per cent.
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9:35 a.m.
Stocks indexes are little changed in early trading on Wall Street as losses in energy and technology companies outweigh gains in other sectors such as banks.
Oil companies were falling along with the price of crude oil Thursday. Halliburton fell 2.3 per cent and rig operator Transocean lost 1.6 per cent.
The price of crude oil fell another 1 per cent to just under $50, its lowest price since last November.
Banks were mostly higher as bond yields rose. Citigroup rose 0.7 per cent.
The Standard & Poor's 500 index rose 1 point to 2,364.
The Dow Jones industrial average edged up 4 points to 20,861. The Nasdaq was little changed at 5,837.
The yield on the 10-year Treasury note rose to 2.57 per cent.
This content appears as provided to The Globe by the originating wire service. It has not been edited by Globe staff.