Markets Right Now: Asian shares fall after rout on Wall St

Specialist Peter Mazza, left, and trader Anthony Carannante work on the floor of the New York Stock Exchange, Wednesday, Oct. 24, 2018. Stocks are off to a mixed start on Wall Street as gains for Boeing and other industrial companies are offset by losses elsewhere in the market. (AP Photo/Richard Drew)

NEW YORK — The latest on developments in financial markets (all times local):

10:30 p.m.

Shares have fallen moderately in Asia after the latest torrent of selling on Wall Street.

Japan's Nikkei 225 index sank sharply on the open Thursday but leveled off, regaining some lost ground. By mid-morning it was down 2.9 percent at 21,443.72. The Shanghai Composite index slipped 1.6 percent to 2,561.36 and Hong Kong's Hang Seng index skidded 1.8 percent to 24,785.68.

Charts for the entire region were awash with the red that indicates losses, but the declines were mostly in the 2 percent to 3 percent range.

___

4 p.m.

Stocks are closing sharply lower on Wall Street, led by a swoon in technology companies. The S&P 500 and the Dow Jones Industrial Average erased their gains for the year.

High-flying companies like Netflix and Amazon took some of the biggest losses Wednesday. Netflix gave back 9.4 percent and Amazon dropped 5.9 percent.

Several companies sustained heavy drops after reporting disappointing results. Texas Instruments, a major chipmaker, slumped 8.2 percent and AT&T fell 8.1 percent.

The technology-heavy Nasdaq composite is now 12.3 percent below its August peak.

The S&P 500 index fell 84 points, or 3.1 percent, to 2,656.

The Dow fell 608 points, or 2.4 percent, to 24,583. The Nasdaq composite gave up 329 points, or 4.4 percent, to 7,108.

Bond prices rose, sending yields lower.

___

11:45 a.m.

Stocks are turning broadly lower in midday trading on Wall Street, extending a losing streak for the S&P 500 index to a sixth day.

Several big companies were falling Wednesday after reporting disappointing quarterly results.

Texas Instruments, a major chipmaker, slumped 3.6 percent after its results missed forecasts. UPS fell 3 percent.

Technology and media and communications companies also fell. AT&T dropped 6.2 percent.

Boeing jumped 3.3 percent after beating analysts' earnings forecasts.

The S&P 500 index fell 16 points, or 0.6 percent, to 2,724.

The Dow Jones Industrial Average fell 50 points, or 0.2 percent, to 25,138. The Nasdaq composite gave up 75 points, or 1 percent, to 7,362.

Bond prices rose. The yield on the 10-year Treasury note fell to 3.13 percent.

___

9:35 a.m.

Stocks are off to a mixed start on Wall Street as gains for Boeing and other industrial companies are offset by losses elsewhere in the market.

Boeing jumped 2.2 percent in early trading Wednesday after beating analysts' earnings forecasts and raising its estimates for the year, citing faster orders for aircraft.

Texas Instruments, a major chipmaker, slumped 5.5 percent after its results missed forecasts.

The S&P 500 index fell 4 points, or 0.2 percent, to 2,736.

The Dow Jones Industrial Average was higher thanks to the gain in Boeing. The 30-stock index rose 71 points, or 0.3 percent, to 25,259. The Nasdaq composite gave up 9 points, or 0.1 percent, to 7,427.

Bond prices rose. The yield on the 10-year Treasury note fell to 3.13 percent.

You may also interested in

Boston building with Citgo sign sold;...

Aug 12, 2016

A building that hosts Boston's iconic Citgo sign has been sold to a local developer known for being...

Hacker posts personal info of House Democrats and...

Aug 13, 2016

House Minority Leader Nancy Pelosi is calling it "an electronic Watergate break-in."

Study: Most of methane hot spot comes from...

Aug 15, 2016

A puzzling concentration of the greenhouse gas methane over the Southwestern United States appears...

Southern California fire burns at least a dozen...

Aug 17, 2016

A wildfire broke out Tuesday and spread at a staggering pace in every direction through...

Google's search engine directs voters to the...

Aug 16, 2016

Google is pulling another lever on its influential search engine in an effort to boost voter...

The Next Daily is the new generation of online publication, serving you the most recent discoveries made in science and technology on a daily basis. At The Next Daily, we believe in the power of consistent and reliable reporting to inspire and move mankind forward.

Contact us: sales[at]thenextdaily.com