The latest on developments in global financial markets (all times local):
12:00 p.m.
Basic materials suppliers led Wall Street broadly lower at midday Friday after a solid September U.S. jobs report suggested the Federal Reserve remains on track to raise interest rates by December.
Tyson Foods plunged more than 10 percent after an analyst predicted a big drop in Tyson’s stock because of a lawsuit that accuses Tyson and other companies of manipulating poultry prices.
Honeywell International sank over 8 percent after lowering its third-quarter earnings forecast.
Gap surged 15 percent after reporting better than expected monthly sales at its Old Navy chain. Other retail stocks got a lift, including Ralph Lauren and Urban Outfitters.
The Dow Jones industrial average fell 112 points, or 0.6 percent, to 18,155.
The Standard & Poor’s 500 index fell 15 points, or 0.7 percent, to 2,145. The Nasdaq composite fell 39 points, or 0.7 percent, to 5,268.
Bond prices fell. The yield on the 10-year Treasury note rose to 1.76 percent.
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9:35 a.m.
Utilities and real estate companies are leading gainers amid a flat Wall Street open Friday after a solid but uninspiring September U.S. jobs report.
Gap jumped nearly 9 percent after September sales results showed growth at its Old Navy chain.
Industrials were the biggest losers, with Honeywell down nearly 8 percent after lowering its third-quarter earnings forecast.
The Dow Jones industrial average was unchanged at 18,262.
The Standard & Poor’s 500 index was unchanged at 2,160. The Nasdaq composite was also unchanged at 5,306.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.73 percent.