Markets Right Now: US stocks slip in midday trading

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

11:45 a.m.

U.S. stocks are falling in midday trading, led by declines in industrial companies.

General Electric fell 3.2 percent Friday after investors were disappointed with its profit forecast.

Technology stocks were also weak, putting the Nasdaq composite on course to end a 10-day winning streak. Texas Instruments fell 1.4 percent.

Visa rose 1.9 percent after reporting that its profit rose sharply from a year earlier, following its purchase of Visa Europe.

The Standard & Poor’s 500 index slipped 4 points, or 0.2 percent, to 2,468.

The Dow Jones industrial average fell 68 points, or 0.3 percent, to 21,543. The Nasdaq lost 12 points, or 0.2 percent, to 6,377. The Nasdaq hit a record high the day before.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.24 percent.

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9:35 a.m.

Declines in technology and industrial companies are leading stock prices lower in early trading on Wall Street.

General Electric slumped 4.5 percent in early trading Friday after investors were disappointed in a drop in sales in its electricity and automation business.

Visa rose 1.8 percent after reporting earnings that beat analysts’ forecasts.

The Standard & Poor’s 500 index slipped 5 points, or 0.2 percent, to 2,467.

The Dow Jones industrial average slipped 63 points, or 0.3 percent, to 21,546. The Nasdaq composite fell 12 points, or 0.2 percent, to 6,377. The Nasdaq hit a record high the day before.

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