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Markets Right Now: US stocks fall as banks see losses

Plainview Daily Herald
Markets Right Now: US stocks fall as banks see losses

NEW YORK (AP) - The latest on developments in financial markets (all times local): 11:55 a.m. U.S. stocks are falling again a day after their biggest drop since February. Some early relief over a tame report on inflation gave way to renewed selling. Banks are taking some of the biggest losses. JPMorgan and Bank of America are each down close to 1.5 percent. Bond yields, which have spiked over the last week, slid after the Labor Department said consumer prices rose less than economists expected in September. The yield on the 10-year Treasury fell to 3.16 percent. Tech stocks, hit hard Wednesday, crept back into positive territory Thursday morning. Earnings season is underway. Delta Air Lines shares rose 3.