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

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.

Bond prices fell. The 10-year Treasury yield rose to 2.58 percent.

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9:35 a.m.

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.