Markets Right Now: First loss this week for US stocks
NEW YORK (AP) — The latest on developments in financial markets (all times local):4 p.m.
The stock market had its first loss of the week as technology companies and consumer products makers led U.S. indexes lower.
Apple lost 2.8 percent Thursday and tobacco maker Philip Morris International plunged 15.6 percent after reporting weak results, noting that sales of its iQos device in Japan were slow.
Banks bucked the downward trend and rose along with bond yields. Bank of New York Mellon climbed 5.7 percent.
Energy stocks also rose. Philips 66 rose 1.6 percent.
The S&P 500 index fell 15 points, or 0.6 percent, to 2,693.
The Dow Jones industrial average lost 83 points, or 0.3 percent, to 24,664. The Nasdaq composite fell 57 points, or 0.