Today's Market: Tech Companies Lead Losses For US Stocks

NEW YORK (AP) — The latest on developments in financial markets (All times Eastern Standard):

11:45 a.m.

Stocks are lower at midday on Wall Street, with the largest losses going to technology and energy companies. Chipmaker Nvidia slumped 2 percent Wednesday, and Halliburton dropped 2.9 percent. The price of oil was down 0.7 percent, a day after its biggest loss since October. Target slumped 9 percent after issuing a weak forecast for the holiday shopping season. Other retailers were also lower.

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The Standard & Poor's 500 index fell 9 points, or 0.4 percent, to 2,568. The Dow Jones industrial average lost 104 points, or 0.4 percent, to 23,306. The Nasdaq composite index fell 24 points, or 0.4 percent, to 6,712. Bond prices rose. The yield on the 10-year Treasury note fell to 2.35 percent.

9:35 a.m.

Stocks are opening lower on Wall Street, with the largest losses going to technology companies and banks. Apple was off 1.4 percent in early trading Wednesday, while JPMorgan Chase was down about 1 percent. Target slumped 9 percent after issuing a weak forecast for the holiday shopping season. Other retailers were also lower. The Standard & Poor's 500 index fell 18 points, or 0.7 percent, to 2,559. The Dow Jones industrial average lost 158 points, or 0.7 percent, to 23,247. The Nasdaq composite index fell 64 points, or 1 percent, to 6,673.

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