Markets Right Now: US stocks trade lower at midday

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

11:45 a.m.

Stocks are lower at midday as investors weighed the growing tensions between the U.S. and North Korea.

Disappointing earnings also helped pull the market lower Wednesday. Consumer-focused companies and technology stocks slumped.

Markets were also lower in Europe and Asia. Prices for bonds and gold headed higher.

Priceline Group dropped 8 percent after issuing a profit forecast that was weaker than analysts were expecting.

Disney dropped 4.5 percent after reporting a weak quarter and saying it would pull its movies from Netflix and start its own video streaming services.

The Standard & Poor's 500 index fell 7 points, or 0.3 percent, to 2,467.

The Dow Jones industrial average lost 71 points, or 0.3 percent, to 22,013. The Nasdaq composite fell 35 points, or 0.5 percent, to 6,336.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street after several companies reported disappointing results.

Overseas markets were also lower Wednesday.

Priceline Group slumped 6.5 percent after issuing a profit forecast that was weaker than analysts were expecting.

Disney dropped 4.5 percent after reporting a weak quarter and saying it would pull its movies from Netflix and start two of its own video streaming services. Netflix fell 3.2 percent.

The Standard & Poor's 500 index fell 7 points, or 0.3 percent, to 2,467.

The Dow Jones industrial average lost 50 points, or 0.2 percent, to 22,032. The Nasdaq composite fell 45 points, or 0.7 percent, to 6,324.

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