Markets Right Now: Tech, Health Care Lead US Stocks Lower

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2018-01-10 17:03:34

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

11:45 a.m.

Concerns about rising interest rates are sending stocks slightly lower on Wall Street, threatening to end a six-day New Year’s rally.

Technology and health care companies posted some of the biggest losses Wednesday. Banks rose.

The Standard & Poor’s 500 was on pace for its first loss of 2018.

The pause for stocks came as Treasury yields continued their upward climb, and the 10-year yield traded at its highest level since March.

EBay fell 4.5 percent, and UnitedHealth Group lost 1 percent.

The S&P 500 fell 4 points, or 0.2 percent, to 2,747.

The Dow Jones industrial average lost 19 points, or 0.1 percent, to 25,366. The Nasdaq composite fell 25 points, or 0.4 percent, to 7,137.

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