Markets Right Now: Technology stocks lead US indexes lower

Stocks are closing lower on Wall Street, weighed down by losses in technology and communications companies.

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

4:00 p.m.

Stocks are closing lower Wall Street Friday, weighed down by losses in technology and communications companies.

Microsoft lost 1.6% Friday, and Facebook gave up 2.4%.

Makers of consumer products were bucking the downward trend. Coca-Cola rose 1.8% after turning in a solid quarterly earnings report.

The market recorded its second weekly gain after three straight losing weeks.

The S&P 500 fell 11 points, or 0.4%, to 2,986.

The Dow Jones Industrial Average fell 255 points, or 1%, to 26,770. The Nasdaq fell 67 points, or 0.8%, to 8,089.

Bond prices rose. The yield on the 10-year Treasury fell to 1.75%.

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11:45 a.m.

Stocks are falling on Wall Street in midday trading, weighed down by losses in technology and communications companies.

Microsoft lost 1.8% Friday, and Facebook gave up 2.5%.

Makers of consumer products were bucking the downward trend. Coca-Cola rose 1.8% after turning in a solid quarterly earnings report.

The market is still on track for its second weekly gain after three straight losing weeks.

The S&P 500 fell 12 points, or 0.4%, to 2,985.

The Dow Jones Industrial Average fell 123 points, or 0.5%, to 26,900. The Nasdaq fell 81 points, or 1%, to 8,075.

Bond prices rose. The yield on the 10-year Treasury fell to 1.74%.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street but are still on track for their second weekly gain in a row.

Technology and industrial companies were falling the most in early trading Friday. Micron Technology fell 2.1% and Waste Management gave up 1.2%.

Earnings reports from U.S. companies continued to flow in. Intuitive Surgical jumped 5.1% after reporting profits that easily beat analysts' forecasts.

The S&P 500 slipped less than 1 point to 2,997.

The Dow Jones Industrial Average fell 40 points, or 0.1%, to 26,985. The Nasdaq fell 6 points, or 0.1%, to 8,147.

The yield on the 10-year Treasury held steady at 1.75%.