US Stock Indexes Dip in Afternoon Trading; Oil Falling
FINANCIALS FAVORED: Banks and other financial stocks were posting gains. Citizens Financial Group added 52 cents, or 1.5 percent, to $36.31.
BIG GAINERS: Industrials companies were among the big gainers in the S&P 500 index. American Airlines Group rose 91 cents, or 2 percent, to $46.33. General Electric gained 38 cents, or 1.5 percent, to $24.70.
PAIRING UP: Calgon Carbon soared 62.1 percent after the maker of water and air filtration systems agreed to be acquired by Japanese company Kurary for $1.1 billion. The stock gained $8.20 to $21.40. Ash Grove Cement jumped 81.4 percent after saying it would be bought by CRH. Ash Grove added $232.10 to $517.10.
SERVE YOURSELF: Meal kit maker Blue Apron added 1.1 percent after a rival company, Plated, agreed to be acquired. Blue Apron has had a lousy run this year. It cut its IPO prices before it went public and started trading at $10 a share. Shares rose 6 cents to $5.28.
BONDS: Bond prices were little changed. The yield on the 10-year Treasury note held steady at 2.27 percent.
CURRENCIES: The dollar rose to 112.52 yen from 112.38 yen on Wednesday. The euro climbed to $1.1932 from $1.1885.
ENERGY: Oil futures were mixed. Benchmark U.S. crude was down 13 cents, or 0.3 percent, to $50.56 a barrel on the New York Mercantile Exchange. Brent crude, used to price international oils, rose 8 cents, or 0.1 percent, to $56.37 a barrel in London.
METALS: Gold fell $21.60 to $1,294.80 an ounce. Silver lost 32 cents to $17.02 an ounce. Copper slid 3 cents to $2.94 a pound.
MARKETS OVERSEAS: World markets were mixed. In Europe, Germany’s DAX rose 0.2 percent, while the CAC 40 in France edged up 0.5 percent. The FTSE 100 index of leading British shares slid 0.1 percent. Earlier, in Asia, Japan’s benchmark Nikkei 225 added 0.2 percent as the yen weakened against the dollar. South Korea’s Kospi slipped 0.2 percent and Hong Kong’s Hang Seng index shed 0.1 percent.
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