NEW YORK, N.Y. – The latest on developments in financial markets (all times local):
4:00 p.m.
U.S. stocks are closing with losses as technology and consumer-focused companies decline.
Facebook shed 2.3 per cent and Twitter fell 6.1 per cent as top executives from those companies testified before Congress about issues including their efforts to prevent disinformation and election meddling.
Some of the market’s recent leaders also stumbled. Amazon fell 2.2 per cent and Microsoft lost 2.9 per cent.
The U.S. and Canada restarted talks about a trade deal that would replace the North American Free Trade Agreement.
The S&P 500 index gave up 8 points, or 0.3 per cent, to 2,888. The Dow Jones Industrial Average gained 22 points, or 0.1 per cent, to 25,974.
The Nasdaq composite shed 96 points, or 1.2 per cent, to 7,995.
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12:00 p.m.
U.S. stocks are falling as technology companies take a second day of losses and consumer-focused companies also decline.
Social media companies slipped as executives from Facebook and Twitter testified before Congress about their efforts to prevent disinformation and election meddling.
Facebook dipped 2 per cent and Twitter fell 4.8 per cent.
The U.S. and Canada are scheduled to resume talks about a trade deal that would replace the North American Free Trade Agreement.
The S&P 500 index gave up 11 points, or 0.4 per cent, to 2,885. The Nasdaq composite shed 97 points, or 1.2 per cent, to 7,993.
The Dow Jones Industrial Average fell 4 points to 25,948.
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9:45 a.m.
U.S. stocks are mostly lower as technology companies lag the rest of the market for a second day.
Social media companies slipped at the start of Congressional hearings where executives from Facebook and Twitter will testify about their efforts to prevent disinformation and election meddling.
Facebook dipped 0.5 per cent and Twitter fell 1.9 per cent.
The U.S. and Canada are scheduled to resume talks about a trade deal that would replace the North American Free Trade Agreement.
The S&P 500 index gave up 3 points, or 0.3 per cent, to 2,893. The Nasdaq composite shed 27 points, or 0.3 per cent, to 8,064.
The Dow Jones Industrial Average was up, however, rising 16 points, or 0.6 per cent, to 25,969.
