Markets Right Now: Stocks Extend Losses for Second Day – ABC News

The latest on developments in global financial markets (all times local):
9:35 a.m.
U.S. stocks are falling as indexes in Europe and Asia slump. Banks are taking the biggest losses as bond yields drop further, pushing long-term interest rates lower.
Citigroup and Bank of America are both down 2 percent. Energy companies are falling with oil prices.
Banks among worst hit in broad selling across most sectors. Only sector unscathed in early trading is utilities.
Bond prices rose as the yield on the 10-Year U.S. Treasury fell to 1.64 percent.
The Dow Jones industrial average fell 136 points, or 0.8 percent, to 17,847. The Standard & Poor’s 500 index dropped 19 points, or 0.9 percent, to 2,097. The Nasdaq composite index declined 54 points, or 1.1 percent, to 4,904.
Source: twot feed

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