The latest on developments in financial markets (All times local):
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.
Bond prices fell. The 10-year Treasury yield rose to 2.58 percent.
Stocks are opening lower on Wall Street as a New Year’s rally runs out of gas.
Technology and health care stocks fell the most in early trading Wednesday.
Micron Technology fell 2.3 percent and UnitedHealth Group lost 1 percent.
Domino’s Pizza dropped 3.4 percent after saying CEO Patrick Doyle will leave at the end of June after 8 years in charge.
Banks rose as bond yields continued to climb.
The Standard & Poor’s 500 fell 7 points, or 0.3 percent, to 2,743.
The Dow Jones industrial average fell 64 points, or 0.2 percent, to 25,320. The Nasdaq composite fell 26 points, or 0.4 percent, to 7,135.
Bond prices fell. The 10-year Treasury yield rose to 2.59 percent.