Markets Right Now: Stocks Trade Sideways on Wall Street – ABC News

This post was originally published on this site

The latest on developments in global financial markets (all times local):

11:50 a.m.

U.S. stocks are trading sideways Thursday after two straight days of gains. Chemical makers are down while utilities and phone companies are rising.

Monsanto fell 1 percent and Dow Chemical fell 0.8 percent. The chemical sector had gotten a boost earlier in the week on news of a potential sale of Monsanto to Germany’s Bayer.

The Dow Jones industrial average slid 28 points , or 0.2 percent, to 17,825. The Standard and Poor’s 500 index was unchanged at 2,090. The Nasdaq composite was also unchanged at 4,894.

Bond prices rose. The yield on the 10-year U.S. Treasury note dipped to 1.84 percent from 1.87 percent.