Stock Markets Latest News: Wall Street Extends Losses; Energy, Utilities Drag

Wochit 0:46 mins

U.S. stocks added to losses in late morning trade, weighed by declines in the energy and utilities sectors. Stocks are opening slightly lower on Wall Street as traders are mostly unimpressed with the latest batch of corporate earnings. Coca-Cola dropped 3 percent to $39.74, the worst drop in the Dow Jones industrial average, after reporting a slump in soda sales in North America. U.S. stock futures were mixed with a sustained show of strength from the financial sector and more evidence that inflation is being held in check.

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