Markets Right Now: Stocks end slightly lower
NEW YORK (AP) — The latest on developments in global financial markets (all times local):
Stocks ended lower on Wall Street, giving back the modest gains they made the day before.
Trading was mostly listless Thursday as investors waded through another round of company earnings news.
Telecom sector stocks declined the most, while health care companies eked out small gains.
Verizon lost 2.5 percent after reporting weak revenue and subscriber growth. EBay slumped 11 percent after releasing weak forecasts.
The Dow Jones industrial average fell 40 points, or 0.2 percent, to 18,162.
The Standard & Poor’s 500 index lost 2 points, or 0.1 percent, to 2,141. The Nasdaq composite declined 4 points, or 0.1 percent, to 5,241.
Bond prices didn’t move much. The yield on the 10-year Treasury note held steady at 1.75 percent.